Penguin International

[lonewolf]

We did it!

At the close of the Final Offer on 25 Sep 5.30pm, the resultant shareholding amounted to an aggregate of 195,765,603 Shares, representing approximately 88.92% of the total number of Shares in the Company.

SGX Announcement

[pianist]

We did it!

At the close of the Final Offer on 25 Sep 5.30pm, the resultant shareholding amounted to an aggregate of 195,765,603 Shares, representing approximately 88.92% of the total number of Shares in the Company.

SGX Announcement

23 sep sat Last announced was a 30,000 shares acquired on 20sep,leading to 88.91%, so from 21,22,and today 25 only a mere 0.01% increase, hmm...prepare to face music from shareholders for such low balled unsuccessful offer, waste time waste resources

[dydx]

In the just ended GO, Offeror managed to increase its interest from 80.05% to 88.92% - i.e. by 8.87% - and spent close to $20.0m doing so. This second GO at $0.83/share also confirmed that in the eyes and minds of the 3-party Offeror consortium, each Penguin share should be worth more than $0.83, and the entire business more than $182.7m. Of course, the above valuation must be conservative!