Ossia International Limited (SG:O08) has released an update.
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The Goh family, comprising of Mr. Goh Ching Wah, Mr. Goh Ching Lai, and Mr. Goh Ching Huat, have announced their intention to make a voluntary unconditional cash offer to acquire all the issued and paid-up ordinary shares of Ossia International Limited, excluding those already held by them. Shareholders of Ossia International Limited are poised for a cash buyout at S$0.145 per share. The offer, compliant with the Singapore Code on Take-overs and Mergers, aims to consolidate the Goh family’s ownership in the company.
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