bullish

Oishi Group

Oishi Group: Shareholders Back ThaiBev’s Offer

842 Views04 May 2023 10:39
You have the controlling shareholder, in an illiquid company, taking it private, at an okay premium to undisturbed. Assuming completion ~23 August, this is trading tight at 1.9%/6.4% gross annualised.
Boomeranged on Wed, 23 Aug 2023 12:37
The Offer for Oishi has closed with ThaiBev holding 98.5%. Despite the odd 5.9% gain yesterday, Oishi's IR has confirmed that i) shares are expected to delist in September 2023 (awaiting SET to announce the last trading date and the delisting date); ii) Oishi's shareholders have already approved the delisting (on 3 May); and iii) there are no more Tender Offers from ThaiBev.
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