Ocean Int’l: Major Gold Assets Corporation, its 50.1% sh/h owned by its chairman Zhang Aihua, has made an exit offer of 2 cts/sh for all the shares it does not own. The offer values Ocean at $4.7m.
Ocean has been placed under SGX's watch-list since March 4, 2009. The co has received a notification letter from the regulator that it will be delisted from the mainboard...
Share trading will continue until 5 pm, Mar 31, 2011 afterwhich it will remain suspended until the completion of the cash exit offer. The exit offer will not be conditional on a minimum number of acceptances being received.
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