Ramba

Ramba: Responds to SGX’s query on trading activity. The Soeryadjaya family and concert parties, which own a combined 33.1% stake, have been in discussion with a potential buyer for their entire stake. Mr Edward Soeryadjaya has also received a conditional expression of interest for a possible acquisition of 51% of Ramba shares by way of a voluntary conditional cash partial offer at an indicative offer price of between $0.60 to $0.70. The possible offer is conditional upon, inter alia, the approval of the Securities Industry Council of Singapore (SIC), the opportunity for the interested party to conduct due diligence on the group, and on the Soeryadjaya affiliates giving irrevocable undertaking to tender their shares in acceptance of the possible offer. Currently, Mr Soeryadjaya has not made a firm decision on whether to pursue the possible offer.