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Harvey Norman Holdings Ltd Announces Subsidiary's Acquisition of Pertama Holdings Limited

Tuesday, 19 Nov 2013 12:15am EST 

Harvey Norman Holdings Ltd's wholly owned subsidiary, Harvey Norman Singapore Pte Ltd ("HNS") announced that the exit cash offer made on or about October 23, 2013 to the shareholders of Pertama Holdings Limited ("Pertama") to acquire all of the issued shares in Pertama ("Pertama Shares") has been accepted in respect of not less than 90% of the Pertama Shares on issue that were not already held by HNS, subsidiaries and related parties. HNS intends to exercise its right to compulsorily acquire the Pertama Shares held by those shareholders who have not accepted the exit cash offer, for the offer price of $0.65 per Pertama Share, pursuant to section 215 of the Companies Act, Chapter 50 of Singapore. 

Company Quote

0.1 +3.03%
19 Dec 2014