NSL ltd. (SG:N02) has released an update.
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RHB Bank Berhad, representing YTL Cement Berhad, has launched a mandatory unconditional cash offer to acquire all issued shares of NSL Ltd. not already held by them, following a sale and purchase agreement for approximately 81.24% of NSL Ltd. The acquisition is valued at S$227.6 million, with shares purchased at S$0.750 each, and will be undertaken by YTL Cement Singapore, a wholly-owned subsidiary nominated by the offeror.
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