March 5, 2018 / 11:41 AM / 9 months ago

BRIEF-Asia Pacific Strategic Investments Updates on Proposed Acquisition Of Shares In IPC Corp

March 5 (Reuters) - Asia Pacific Strategic Investments Ltd :

* ASIA PACIFIC STRATEGIC INVESTMENTS DECIDED IT WILL ACCEPT WITHDRAWAL & NOT PROCEED WITH CO’S ACQUISITION OF 28.1 MILLION TARGET SHARES FROM OEI HONG LEONG​

* CO INTENDS TO PROCEED WITH ACQUISITION OF 11.9 MILLION TARGET SHARES FROM INDIVIDUALS

* ‍ISSUE PRICE FOR EACH REMAINING CONSIDERATION SHARE SHALL BE S$0.00332 PER SHARE ​

* ‍CONSIDERATION FOR REMAINING ACQUISITION BE SATISFIED BY ALLOTMENT AND ISSUANCE OF 1.58 BILLION NEW ORDINARY SHARES​ Source text for Eikon: Further company coverage:

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