In today’s briefing:
- Hwa Hong (HWAH SP): MGO Triggered, Offeror Now Controls 38.2%
Hwa Hong (HWAH SP): MGO Triggered, Offeror Now Controls 38.2%
- As a result of market acquisitions, the Offeror for Hwa Hong Corp (HWAH SP) now holds 30.0%, triggering a mandatory general offer (MGO).
- Including shares tendered, the Offeror controls 38.24%. The Offer remains subject to a 50% acceptance condition. HWAH directors holding 29.26% of shares still do not intend to accept the Offer.
- The S$0.40/share Offer price has been declared final. The final closing date is 1 August. This transaction will go down to the wire.
Before it’s here, it’s on Smartkarma
