03-05-2017, 12:19 PM
The offer was made when they acquired a block of shares from a substantial shareholder (which I suspect is former chairman Bert Choong) at 51cts and it triggered a mandatory offer. Therefore, I suspect they are not serious in taking out the minorities but just following the rule.
http://infopub.sgx.com/Apps?A=COW_CorpAn...2.5.17.pdf
http://infopub.sgx.com/Apps?A=COW_CorpAn...2.5.17.pdf