WBL / Straits Trading

WBL / Straits Trading: Straits Trading purchases 23.6% stake in WBL from Third Avenue and Aberdeen, lifting holding to 40.6%. A manadatory general offer of 1.07 Straits Trading shares or $3.41 for every 1 WBL share, will be triggered on satisfaction or waiver of conditions under the purchase agreements with TA and Aberdeen. Only then will Straits Trading announce a firm intention to make the Offer.