K1 Ventures

K1 Ventures: Voluntary conditional offer of $0.135 per share made by offeror GKB Hldgs. GKB is partly owned by Keppel Corp (45%), partly owned by the CEO and CFO of K1 Ventures. The price offered is a 19.5% premium to last done and 22.7% prem to NTA as of 31 Mar 2012. Offeror intends to delist co and reasons cited were the low trading liquidity, no immediate need to access capital markets, and compliance costs. The offeror currently controls approx 62.4%