THE offeror of Star Pharmaceutical has exercised its right to compulsorily acquire all the shares of those who have not accepted the S$0.45 offer price per share at the close of the offer, on the same terms and conditions.
Upon completion of the compulsory acquisition, the offeror – comprising executive chairman Xu Zhi Bin and a special-purpose vehicle of which he is the sole director – will own all the shares of Star Pharmaceutical. The Singapore Exchange has approved the delisting.
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