LCD Global

LCD Global: Aspial Corp’s CEO, Mr Koh Wee Seng continues to increase his stake in LCD Global, purchasing another 100,000 shares at an average price of $0.285 via open market transaction, raising his stake to 15.24%. To re-highlight, LCD Global is in the midst of a voluntary conditional offer of $0.17/share by controlling shareholders, Raymond Lum and David Lum. Koh’s recent string of share purchases at prices significantly higher than the share offer, would inherently fuel market speculation of a potential counter offer. With LCD Global's current net asset value at $0.272, the offer of $0.17 represents a steep 38% discount to the group’s book value. In comparison, the recent takeover offers for Singapore Land, Hotel Properties and CapitaMalls Asia were priced at book multiples of 0.72x, 1.12x, and 1.21x respectively. As at 23 Jun, the Lum brothers owns a 35.98% stake in the property developer.