Monday, March 7, 2016

Osim International Unconditional Cash Offer

Osim International's CEO Ron Sim is making an unconditional cash offer to take the massage chairs maker private. Mr Ron Sim holds 68.3% of Osim is offering to buy the company's shares he doesn't already own at $1.32/share (inclusive of the announced $0.02 dividend to be paid in Apr). This is 7.8% premium to last traded price of $1.225 on 1st Mar before shares were suspended.

This could be good or bad news to the investors depending on their date of purchase. For those investors who entered at $2+, their paper losses will be realized. Investors who managed to buy <$1 when the shares were pushed down recently will likely to profit.

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