Thursday, August 16, 2012
Intraco/Hanwell: Intraco announce that the Co’s controlling shareholder, Hanwell has received a letter dated 15 Aug12 from Mr. Oei Hong Leong, in relation to his earlier intentions to acquire from HHL, 29.5m issued and paid up ordinary shares of the Co. which represents approximately 29.89% of total issued shares for $18.6m. Mr Oei has in the Letter, revised the price under the Offer to $0.70 per Sale Share, amounting to a total consideration of $20.6m. The Revised Offer may be accepted by the co. on or before 5p.m. on Wed 17 Oct12. Mr Oei has in the Letter, further confirmed that following Completion, he will make or procure the making of a general offer to acquire all the Shares other than those already owned, controlled or agreed to be acquired by Mr Oei, at an offer price of $0.70 per Share.