51'2&'2(]16 REPL..::Tender/ Acquisition.' Takeover/ Purchase Offer::Volunlary
Issuer/ Manager | EU YAN SANG INTERNATIONAL LTD |
Security | EU YAN SANG INTERNATIONAL LTD - SG1187884967 - E02 |
REPL::Tender/ Acquisition/ Takeover/ Purchase Offer::Voluntary Issuer & Securities
Announcement Details
Announcement Tltle | Voluntary Tender/ Acquisition/Takeover/ Purchase Offer |
Date & Time of Broadcast | 25-May-2016 18:48:05 |
Status | Replacement |
Corporate Action Reference | SG160516TENDPP3E |
Submitted By (CoJInd.Name) | Lam Chee Weng |
Designation | Chief Financial Officer |
Percentage Sought (%) | 100 |
Event Narrative
Narrative Type
Offeror
Narrative Text
Righteous Crane Holding Pte. Ltd.
Disbursement Detalls
Closing Time | 1 17:30:00 | |
Existing Security Details | ||
Disbursement Type | I Cash | |
Cash Payment Details | ||
Offer Price | I SGD 0.6 | |
Note :Any Information entered in the narrative will not be used for processing | ||
Narrative Type Additional Text | Narrative Text Please see attached the announcement. | |
Attachments | ®sGX Announcement of Appointment of I FA.pdfTotal size =72K | |
Related Announcements | 25/05/2016 11:30:02 | |
24/05/2016 11:06:45 | ||
20/05/2016 17:32:25 | ||
16/05/2016 14:41:36 | ||
16/05/2016 00:19:19 |
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EU YAN SANG INTERNATIONAL LTD(Company Registration No. 199302179H) (Incorporated in the Republic of Singapore)
VOLUNTARY CONDITIONAL CASH OFFER FOR EU YAN SANG INTERNATIONAL LTD APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER-
Introduction
The board (the "Board") of directors ("Directors") of Eu Yan Sang International Ltd (the "Company") refers to:
the announcement dated 16 May 2016 (the "Offer Announcement") made by Credit Suisse (Singapore) Limited ("Credit Suisse"), for and on behalf of Righteous Crane Holding Pte. Ltd. (the "Offeror"), in respect of a voluntary conditional cash offer (the "Offer") for all the issued and paid-up ordinary shares (the "Shares") in the capital of the Company, other than those Shares owned, controlled or agreed to be acquired by the Offeror as at the date of the Offer; and
the holding announcement dated 16 May 2016 made by the Company informing the shareholders of the Company (the "Shareholders") of the Offer (the "Holding Announcement").
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Appointment of Independent Financial Adviser
The Company wishes to announce that PrimePartners Corporate Finance Pte. Ltd. has been appointed as the independent financial adviser (the "IFA") to advise the Directors who are considered independent for the purposes of the Offer (the "Independent Directors").
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Offeree Circular
As stated in the Holding Announcement, a circular containing the advice of the IFA and the recommendation of the Independent Directors (the "Offeree Circular") will be sent to the Shareholders within 14 days from the date of despatch of the offer document to be issued by Credit Suisse, for and on behalf of the Offeror, in connection with the Offer.
In the meantime, Shareholders are advised to refrain from taking any action in relation to their Shares which may be prejudicial to their interests until they or their advisers have considered the information and the recommendations of the Independent Directors as well as the advice of the IFA which will be set out in the Offeree Circular. - Responsibility Statement
The Directors (including any Director who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated in this
Announcement are fair and accurate and that no material facts have been omitted from this Announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, the Offer Announcement), the sole responsibility of the Directors has been to ensure, through reasonable enquiries, that such information has been accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.
BY ORDER OF THE BOARD
Lam Chee Weng
Chief Financial Officer & Company Secretary 25 May 2016
Eu Yan Sang International Ltd. published this content on 25 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 June 2016 16:19:04 UTC.
Original documenthttp://www.euyansang.com.sg/on/demandware.static/-/Sites-EYSI_International-Library/default/dwdf6e32dd/pdf/20160525-appointment-of-independent-finance-adviser.pdf?version=1,465,317,520,000
Public permalinkhttp://www.publicnow.com/view/EFC24D1F1BC1194433E2DD49AC5CC44ABB9ED96F