The voluntary conditional cash offer made by Coronation 3G for all the paid-up and issued ordinary shares of Sim Lian Group has been declared unconditional.
This happened after the number of shares owned or agreed to be acquired by Coronation 3G, together with its parties amounted about 906.27 million shares or 90.10% of the total amount of shares as for 5 September, reaching the 90% acceptance condition.
As of now, the offer remains open for acceptance until 10 October 5:30pm. As Coronation 3G have no plan to extend the offer after the closing date, any admission received after the given date will be declined.
Coronation 3G is an investment holding company in Singapore owned by the Kuik family led by the founder of SLG and Executive Chairman of the Board Kuik Ah Han.
Coronation 3G made a voluntary conditional cash propose amounted S$1.08 per share for all the SLG shares which it doesn’t already own.