In today’s briefing:
- Best World (BEST SP): EGM Vote on 19 July
- LMS Compliance directors augment interests
Best World (BEST SP): EGM Vote on 19 July
- The Best World International (BEST SP) IFA considers the S$2.56 exit offer fair and reasonable as it is towards the upper end of its S$1.36-2.69 per share valuation range.
- The key conditions are approval for the selective capital reduction (at least 75% of eligible shareholders) and delisting resolution (a majority holding not less than 75% in value).
- The lack of activists, IFA supporting recommendations, and no competing offer suggest a done deal. At the last close, the gross spread was 2.8%.
LMS Compliance directors augment interests
- LMS Compliance directors augment interests OCBC led the buyback consideration tally for the abbreviated four-session week, acquiring 125 million shares at an average price of S$14.21 per share.
- His total interest in Bonvests Holdings is 84.71 per cent.
- His preceding acquisition was on Jun 11, with 11,300 shares purchased also at S$0.96 per share.
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