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An announcement from Olive Tree Estates Limited ( (SG:1H2) ) is now available.
Evolve Capital Advisory Private Limited, on behalf of Advansory Investment Pte. Ltd., has announced a mandatory unconditional cash offer to acquire all issued and paid-up ordinary shares of Olive Tree Estates Limited, excluding those already owned by the Offeror. This follows the acquisition of 80,500,000 shares, representing approximately 69.49% of the company’s total issued shares, for a total cash consideration of S$9,660,000. The offer is in compliance with the Singapore Code on Take-overs and Mergers, potentially impacting Olive Tree Estates’ market positioning and stakeholder interests.
More about Olive Tree Estates Limited
Olive Tree Estates Limited is a company incorporated in Singapore, operating within the real estate industry. The company focuses on the acquisition, development, and management of real estate properties, catering to a diverse market segment.
Average Trading Volume: 28,350
Technical Sentiment Signal: Buy
Current Market Cap: S$12.97M
Find detailed analytics on 1H2 stock on TipRanks’ Stock Analysis page.