Ossia International Limited

[ghchua]

Did the gohs just earlier announced full yr results with a 'suppressing' low dividends, and then this piece of go offer news?
The market price already trending at 0.151, somewhat oblivious to the lower offer price

Hi pianist,

To be fair, the latest FY result had shown a decrease in profits and also lesser dividend received from associated company. So, it is a combination of some of these factors that resulted in a lower dividend being declared rather than anything to do with the GO.

As for the market price, the Joint Offerors had already said that the dividend of 0.7c per share being proposed will not be deducted from the offer price, if the dividend is approved by shareholders at the AGM. So, the market had taken into consideration of the dividend amount on top of the offer price. Nothing unusual about that to me too.