Voluntary cash offer

This is the third time Penguin has extended its closing date.

SINGAPORE (Feb 22): CIMB Research continues to keep its “add” recommendation on Auric Pacific Group with an unchanged target price of $1.96 after the group on Tuesday posted a turnaround in FY16 with $72 million in earnings, which was largely in line

SINGAPORE (Feb 8): CIMB Research is maintaining its “add” recommendation for Auric Pacific Group with an unchanged target price of $1.96 on the belief that the current offer price for the takeover of the group is “not favourable”.

SINGAPORE (Feb 7): Auric Pacific has received a voluntary conditional cash offer from Silver Creek Capital, an investment vehicle jointly owned by its largest shareholder Stephen Riady and his son-in-law Andy Adhiwana.