LCD Global

LCD Global: The ongoing voluntary cash offer by AF Global, comprising Aspial Corp and Fragrance Group, of $0.33/share has turned unconditional, after the group received valid acceptance from JTrust, LCD's largest shareholder, raising AF Global's control and acceptances from 29.3% to 59.6%. The offer will remain open for acceptances until 12 Mar. At this juncture, AF Global intends to maintain the listing status of LCD, where the group opines a longer term growth potential through its geographical footprint that include high-end hotels and resorts (Thailand and UK), serviced residences (Vietnam & Laos) and property development (China). At $0.33, LCD is valued at 1.2x P/B.