Vibropower Faces Unconditional Cash Offer Acquisition

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2024.12.30 14:12
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Vibropower Corporation Limited (SG:BJD) is facing an unconditional cash offer for acquisition by Mr. Benedict Chen Onn Meng, who intends to acquire all issued and paid-up ordinary shares, excluding treasury shares and those he already controls. The offer includes newly issued shares through outstanding warrants, indicating a significant shift in the company's shareholding structure. The acquisition process is moving towards completion.