The acquisition offer ended at 5:30 pm on Tuesday (June 10). Acquirer DRC Investments revealed the information Tuesday night.
DRC Investments is a consortium formed by the Zhang Fuquan family, Hwa Hong, Malaysian group Newfields, and Wing Tai Holdings, the major shareholders of Anguo Holdings. It announced on April 28 that it would make this acquisition offer to Anguo Holdings.
The acquisition offer made by the acquirer is considered "fair and reasonable" by the cash-per-share by the independent financial adviser, and therefore complies with the provision that the listed company's delisting offer must be "fair and reasonable".
Anguo Holdings' share price remained flat at 0.89 yuan on Tuesday.
The acquirer has controlled approximately 97.74% of the equity of Amara Holdings, a Singapore Exchange main board listed company, and will exercise its power to force the acquisition of the remaining shares at a purchase price of RMB 0.895 per share, and will then delist Anguo Holdings.