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.