Oceanus: Lifts trading halt. Co says no definite agreements have been made and discussions are preliminary in nature. Co does not confirm KKR as counterparty. It is unusual for co to lift the halt while talks are progressing and potential acq is likely to be very preliminary, unlikely to be at the due diligence stage as of yet. At last done price $0.275, co’s mkt cap is $554.6m vs rumoured acq price of $612.5m, which represents a potential 10.4% upside if the deal goes through...
Trading of its TDRs in Taiwan was not halted Friday, and the TDRs -2% to NT$7.23 (~S$0.31).
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