Roxy Pacific Holdings

Roxy-Pacific (ROXY SP): Circular Out. IFA Says Not Fair But Reasonable

Event-Driven
197 Views, 20 Jan 2022 12:24
EXECUTIVE SUMMARY
  • An Offeror consortium, led by Teo Hong Lim, founder of Roxy Pacific (ROXY SP), is offering S$0.485/share, a 19.8% premium to last close. The Offer Price will NOT be increased. 
  • The Circular was dispatched yesterday (the Offer Doc was issued on the 5 January), in which the IFA considered the terms not fair but reasonable). 
  • Trading to terms. The first close is the 3 February. 
detail (4-minute read)
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David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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