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.
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