The offer price represents a 68.7% discount to the company’s net asset value per share of 28.75 cents as at Jan 1. Read more at straitstimes.com.
on Friday launched a mandatory conditional cash offer to acquire all the hotel and hospitality company’s shares at nine cents per share.
This triggered the mandatory conditional cash offer for all the company’s shares excluding treasury shares and those already owned, controlled and agreed to be acquired by Ang. The price is on a par with the volume-weighted average price for Datapulse shares traded over the past month, but represents discounts of 3.2 per cent, 4.3 per cent and 5.3 per cent against the VWAPs per share for the three-month, six-month and 12-month period respectively.
As at the offer announcement date, Mr Ang holds about 50 million warrants, and does not intend to exercise any of the warrants he holds during the period commencing from the offer announcement date until the date the offer is declared to have closed or lapsed.
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