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Hiap Hoe Ltd's Subsidiary Proposes Acquisition Of Superbowl Holdings Limited


Monday, 7 Oct 2013 09:30am EDT 

Hiap Hoe Ltd announced that Maybank Kim Eng Securities Pte. Ltd. (MKES) has for and on behalf of HHL’s whollyowned subsidiary, Hiap Hoe Strategic Pte. Ltd. (Offeror) that, subject to and contingent upon the satisfaction or waiver of the Pre-Condition, the Offeror intends to make a voluntary conditional offer to acquire all the issued and paid up ordinary shares in the capital of SuperBowl Holdings Limited (Offeree), and excluding the Excluded Shares. Offeror will make the voluntary conditional offer to acquire all the SuperBowl Shares. Offer Price is SGD0.75 in cash for each SuperBowl Share. The aggregate value of the consideration for the Acquisition for the purposes of Chapter 10 of the Listing Manual is SGD44,143,330, based on the Offer Price of SGD0.75 and assuming that the Acquisition is completed on the maximum number of SuperBowl Shares that the Offeror may acquire, assuming that there is full acceptance of the Offer by the SuperBowl Shareholders. 

Company Quote

0.78
-0.0050 -0.64%
19 Dec 2014