Penguin International

[dydx]

2 days to go till the close of offer.

As at 6.00 p.m. (Singapore time) on 20 June 2023, based on information available to the Offeror, the Offeror has received valid acceptances amounting to 187,273,141 Shares, representing approximately 85.06% of the total number of Shares in the Company, which includes the acceptances received from persons acting or deemed to be acting in concert with the Offeror.

Source: SGX Annoucement

The most important consideration has to be whether the current offer at $0.83/share is good enough, bearing in mind the intrinsic value of the underlying group businesses continues to grow - and based on the current market information, the businesses are doing exceptionally well backed by a massive inflow of orders and technological advancement. If the answer to the above is "not to sell" or "better to hold for the longer term" or "sell together with the controlling consortium shareholders", the closing date of the offer - which most likely will be extended - would become irrelevant.