Bright Day has said it will make a voluntary unconditional cash offer to acquire all the issued ordinary shares in the capital of Yantai Raffles.
Yantai Raffles’ board of directors said a circular containing the recommendation of the independent directors of the company and the advice of ANZ Singapore will be sent to shareholders of the company within 14 days from the date of despatch of the offer document to be issued by Bright Day in connection with the offer.
“In the meantime, Shareholders are advised to exercise caution in their dealings in the shares of the company and to refrain from taking any action in relation to their shares in the company which may be prejudicial to their interests,” Yantai Raffles said.
Update – Offer document despatched
The offer document has now been despatched and is available to download. See the document menu on the right of this page.
Related Files
Yantai Raffles offer document
