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MTQ Corporation Ltd's Blossomvale Investments Pte. Ltd Updates On Acquisition Of Neptune Marine Services Limited


Wednesday, 27 Mar 2013 06:36pm EDT 

Blossomvale Investments Pte. Ltd, a wholly owned subsidiary of MTQ Corporation Ltd announced that its off-market takeover bid for all the ordinary shares (offer) in Neptune Marine Services Limited (Neptune) is currently scheduled to closed on April 05, 2013. Blossomvale announced that the offer will not be further extended and will close on April 05, 2013. Blossomvale urges all the Neptune shareholders who have not yet accepted the Offer to accept the Offer without delay. As on March 27, 2013, Blossomvale's voting power in Neptune was 85.17% giving it effective control of Neptune. As a result, Neptune shareholders who do not accept the offer will end up as minority shareholders in Neptune and may find that the market for their Neptune shares is less liquid that it was before Blossomvale made the offer. Blossomvale also reminds Neptune shareholders that they will not be required to pay brokerage in connection with accepting the Offer. 

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24 Oct 2014