E2I Ltd. Proposes Takeover of Silverlake Axis

Silverlake Axis (SG:5CP) has released an update.

In a major move in the financial sector, E2I Ltd., represented by United Overseas Bank Limited (UOB), has made a voluntary unconditional offer to acquire all issued and paid-up ordinary shares of Silverlake Axis Ltd., with the exception of treasury shares and those shares already under the control of E2I as of the offer date. This offer follows a series of related announcements, including a final offer consideration declared on September 24, 2024, indicating that E2I does not plan to increase its bid.

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