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CIMB Bank Berhad On Behalf Of Pure Beauty Investments Limited Announces Voluntary Conditional Cash Offer For All Ordinary Shares In Singapore Medical Group Limited


Monday, 14 Oct 2013 07:52am EDT 

CIMB Bank Berhad, Singapore Branch (CIMB) announced that for and on behalf of Pure Beauty Investments Limited (the Offeror), that the Offeror intends to make a voluntary conditional cash offer (the Offer) for all the issued and paid-up ordinary shares in the capital of Singapore Medical Group Limited (the Shares, and Singapore Medical Group Limited, the Company), other than those Shares which will not be tendered in acceptance under the Deed of Undertaking, the BTL Deed of Undertaking, and the RCPS (and any Shares arising from conversion) under the KC Deed of Undertaking. On 28 May 2013, Dr. Beng Teck Liang (BTL), who is a person acting in concert with the Offeror (pursuant to the Singapore Code on Take-overs and Mergers (the Code)), had entered into a sale and purchase agreement with Mr. Felix Huang Keming (FH) for the sale and purchase of an aggregate of 29,770,000 Shares, representing approximately 20.427% of the total number of Shares at a consideration of SGD0.1143546 per Share. 

Company Quote

0.182
-0.0030 -1.62%
1 Aug 2014