The offer price also represents a premium of about 265.6%, 266.4%, 266.4% and 59.2% over the volume weighted average price per share for the one-month, three-month, six-month and 12-month periods, respectively.
SINGAPORE (Aug 20): Executive chairman Teo Choon Hock (image) and managing director Kwek Keng Seng are offering to buy shares of little-known bolt and nuts supplier PS Group Holdings that they do not already own at 11.8 cents each.
Based on the company’s share price of four cents on Aug 6 – which was the last day the counter was traded – the offer price represents a premium of about 194.1%.
