NSL ltd. (SG:N02) has released an update.
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YTL Cement Berhad, through RHB Bank Berhad, has successfully acquired approximately 81.24% of NSL Ltd., leading to a mandatory unconditional cash offer for the remaining shares. The acquisition, which involved 303,484,453 shares at S$0.750 each, amounted to a total consideration of roughly S$227.6 million. This strategic move aims to consolidate ownership and signals confidence in NSL Ltd.’s growth potential.
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