Friday, March 4, 2011

Jackspeed

Jackspeed substantial shareholder Cheng Kwee Kiang has obtained approx 46.3% of outstanding shares and is now making a mandatory conditional cash offer for remaining shares of co at $0.103. Offer is conditional on acquirer obtaining more than 50% of total issued shares. This offer is at a disc of 1.9% to closing price of $0.105

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