NSL ltd. (SG:N02) has released an update.
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YTL Cement Berhad, through RHB Bank Berhad, has made a mandatory unconditional cash offer to acquire all issued shares of NSL Ltd. not already controlled by them. The acquisition follows the completion of a sale and purchase agreement, where YTL Cement agreed to purchase a significant 81.24% stake in NSL Ltd. at S$0.75 per share, amounting to roughly S$227.6 million. Shareholders have been notified electronically of the offer document’s dispatch.
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