SINGAPORE (Feb 7): Silver Creek Capital, an entity jointly owned by Stephen Riady and Andy Adhiwana, has made a voluntary cash offer for all of the shares in Auric Pacific Group that both individuals and their families do not already own at an offer price of S$1.65.
Auric Pacific operates the Food Junction chain of food courts as well as manufactures food products such as Sunshine Bread.
Silver Creek said in a filing to the Singapore Exchange that the offer was made with the intention to delist and privatise Auric Pacific.
It added that the offer price is final and would not be revised.
The offer price is a 13.4% premium to its closing price on Feb 3, and higher than its volume weighted average price for up to the 60-month period prior to Feb 3.
Based on the 126 million shares issued, the offer values Auric Pacific at S$208 million.
- MRCB, Sapura Energy, Solarvest, Salcon, Rohas Tecnic, HHRG, Jentayu, Focus Point, Catcha Digital, Poh Huat, Dutch Lady, AmanahRaya REIT
- Asia Poly disposes of entire stake in Ta Win
- Volkswagen's Audi to cut 7,500 jobs in administration, development by 2029
- Wall Street inches higher after retail sales data
- Creative Technology cuts workforce, adding to global wave of tech layoffs — report
- Trump says Xi will visit Washington in ‘not too distant future’
- Trump nominates US Fed governor Bowman as vice-chair for supervision
- Vietnam developer proposes 15-year rescue for bank at heart of giant fraud, documents show
- UK to cut welfare payments in bid to address spiralling costs
- US Commerce department bureaus ban China's DeepSeek on govt devices — Reuters