Global Premium Hotels

Global Premium Hotels: Chairman and non-executive director of the company, Mr Koh Wee Meng (offeror) has announced his intention to make a voluntary unconditional cash offer for all the issued ordinary shares in Global Premium Hotels, at an offer price of $0.33. The offeror has an aggregate interest representing ~59.1% of issued share capital, and the offer price represents a 13.8% premium over the last transacted price and a 17.0%, 21.3%, 24.1% and 25.5% premium over the one-month, three-month, six-month and 12-month VWAP. The offeror intends to maintain the listing status of the company. The Offer represents an opportunity for Shareholders to realise their investment in the Shares for cash at an attractive price. The offer price translates to a 0.52x P/B.