OSIM: Privatisation offer raised to $1.39
- Founder Ron Sim raised his privatisation offer price to a final $1.39, or 8.4x EV/EBITDA, from previous $1.32.
- Offer closing date extended to 25 Apr.
- Maybank KE is of the view that the revised offer is still low, but shareholders may have no choice but to accept the offer if they do not have the stomach for earnings volatility or possible dividend cuts ahead.
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