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Amos Group gets 7 cents per share offer from controlling shareholder
The Straits Times
|September 26, 2024
Offshore oil and gas equipment manufacturer Amos Group has received a voluntary unconditional general offer of seven cents per share in cash from its controlling shareholder, PeakBayou.
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It noted the low trading volume of the company's shares on the Singapore Exchange (SGX), adding that the cash consideration provides shareholders an opportunity to liquidate and realise their investment at a premium to prevailing market prices.
PeakBayou is a private equity fund of Hong Kong-based ShawKwei & Partners, which is majority-owned by Amos Group's executive chairman Kyle Arnold Shaw.
PeakBayou on Sept 25 said the offer price is final.
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