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Aspial Corporation Limited ( (SG:A30) ) has provided an announcement.
AF Global Limited, which is being taken private via a scheme of arrangement, is the target of AFG Investment Pte. Ltd. in a deal that excludes shares already held by Aspial Corporation Limited and its controlling shareholder. The structure follows Singapore’s takeover rules and places the focus on remaining minority shareholders whose stakes are designated as Scheme Shares.
AFG Investment has confirmed it will not raise its offer of S$0.11 in cash per Scheme Share, making the scheme consideration final under Rule 20.2 of the Singapore Take-over Code. Minority investors are urged to act cautiously regarding their holdings and to seek professional advice, as the fixed price sets a clear ceiling on potential upside from the proposed acquisition terms.
The most recent analyst rating on (SG:A30) stock is a Hold with a S$0.14 price target. To see the full list of analyst forecasts on Aspial Corporation Limited stock, see the SG:A30 Stock Forecast page.
More about Aspial Corporation Limited
AF Global Limited is a Singapore-incorporated company that is the subject of a proposed acquisition by AFG Investment Pte. Ltd., with Aspial Corporation Limited and its controlling shareholder Mr. Koh Wee Meng remaining as excluded shareholders. The transaction is being effected via a court-sanctioned scheme of arrangement under Singapore’s Companies Act and the Singapore Code on Take-overs and Mergers.
Average Trading Volume: 456,062
Technical Sentiment Signal: Buy
Current Market Cap: S$301.5M
See more data about A30 stock on TipRanks’ Stock Analysis page.