LCD Global

LCD Global: ($0.295) Mandatory conditional Offer lapsed Mandatory conditional Offer of $0.17/share by controlling shareholders- Raymond Lum and David Lum, has lapsed, with valid acceptances which brought the Lum brothers' stake to 36.04%, below the conditional 50% mark. This follows Aspial Corp’s CEO- Koh Wee Seng's continued buy up of shares over the market at prices between $0.255-$0.285/share, raising his stake from 13.13% to 15.24% during the offer period. With the close of the offer, we hypothesize that trading volume of the counter may come down, alongside share price, as investors take a "wait and see" approach for any developments in the property developer. At the current price of $0.295, LCD Global is valued at 0.92x P/B.