Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the<a href="https://links.sgx.com/FileOpen/NSL%20-%20Pre-Conditional%20MGO%20Annc_Final.ashx?App=Announcement&amp;FileID=812590" target="_blank" rel="noopener"> 23rd July</a>, YTL Cement entered into a S&amp;P agreement with 98 Holdings to acquire a 81.24% stake in building material manufacturing/supplier <a href="https://www.smartkarma.com/entities/nsl-ltd-singapore" target="_blank" data-smartkarma-citation="entities:12666:1" rel="noopener"><strong>NSL Ltd (NSL SP</strong>)</a> at S$0.75/share. </li>
<li>Pre-Conditions are now satisfied, and YTL Cement has launched a <a href="https://links.sgx.com/FileOpen/NSL%20-%20Firm%20Offer%20Announcement%20and%20Appointment%20of%20Independent%20Financial%20Adviser.ashx?App=Announcement&amp;FileID=819425" target="_blank" rel="noopener">mandatory unconditional cash Offer</a>. The Offer price is also S$0.75/share. </li>
<li>Super straightforward deal. And will trade tight to - or through terms. YTL's intention is to maintain NSL's listing. </li>
</ul>


Back on the 23rd July, YTL Cement entered into a S&amp;P agreement with 98 Holdings to acquire a 81.24% stake in building material manufacturing/supplier NSL Ltd (NSL SP) at S$0.75/share. 
Pre-Conditions are now satisfied, and YTL Cement has launched a mandatory unconditional cash Offer. The Offer price is also S$0.75/share. 
Super straightforward deal. And will trade tight to - or through terms. YTL's intention is to maintain NSL's listing. 


NSL Ltd (NSL SP): YTL's Unconditional Offer

Singapore

NSL is a leading industrial group in Asia Pacific. Its core businesses include the manufacturing of precast concrete components and prefabricated bathroom units, and integrated environmental services for hazardous industrial waste and wastewater. The company also produces refractory materials and roadstone products, and manages Raffles Marina Club. NSL was incorporated in 1961 and is headquartered in Singapore.

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NSL (NSL SP)

NSL Ltd (NSL SP): YTL's Unconditional Offer

Super straightforward deal. And will trade tight to - or potentially through terms. YTL's intention is to maintain NSL's listing.

David Blennerhassett

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