SINGAPORE: Hotel magnate Ong Beng Seng won control of NatSteel Ltd yesterday, but only by a wafer-thin margin, ending an eight-month takeover battle for the cash-rich steel miller.
According to Ong's financial adviser, he edged out rival tycoon Oei Hong Leong by garnering 50.31% of NatSteel’s shares, only slightly surpassing the 50% plus one share needed to win control.
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