SINGAPORE: Blumont Group, one of the stocks that was at the centre of Singapore’s largest case of financial fraud, is now the subject of a takeover bid for 0.0182 cent a share.
The mandatory unconditional cash offer was triggered on Thursday by the acquisition of a 69.56% stake or 22 billion shares in Blumont by Ultimate Horizon Pte Ltd for S$4mil or 0.0181 cent a share.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
