Advansory Investment Pte. Ltd. Launches Cash Offer for Olive Tree Estates
Advansory Investment Pte. Ltd. has launched a mandatory unconditional cash offer to acquire all issued shares of Olive Tree Estates Limited, following its acquisition of approximately 69.49% of the company for S$9,660,000. This offer complies with the Singapore Code on Take-overs and Mergers and may affect Olive Tree Estates' market position and stakeholder interests. Olive Tree Estates operates in the real estate sector, focusing on property acquisition, development, and management, with a current market cap of S$12.97M.
An announcement from Olive Tree Estates Limited ( (SG:1H2) ) is now available.
Evolve Capital Advisory Private Limited, on behalf of Advansory Investment Pte. Ltd., has announced a mandatory unconditional cash offer to acquire all issued and paid-up ordinary shares of Olive Tree Estates Limited, excluding those already owned by the Offeror. This follows the acquisition of 80,500,000 shares, representing approximately 69.49% of the company’s total issued shares, for a total cash consideration of S$9,660,000. The offer is in compliance with the Singapore Code on Take-overs and Mergers, potentially impacting Olive Tree Estates’ market positioning and stakeholder interests.
More about Olive Tree Estates Limited
Olive Tree Estates Limited is a company incorporated in Singapore, operating within the real estate industry. The company focuses on the acquisition, development, and management of real estate properties, catering to a diverse market segment.
Average Trading Volume: 28,350
Technical Sentiment Signal: Buy
Current Market Cap: S$12.97M
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