Lafe Corp chairman's buyout offer goes unconditional

SINGAPORE - Lafe Corp chairman Christopher Ho's offer to acquire all the shares in the company that he does not own has been declared unconditional as of Tuesday (Oct 10).

Last week, Mr Ho revised the minimum acceptance condition to 65 per cent, down from 90 per cent. As of Tuesday (Oct 10), he has received valid acceptances amounting 74.98 per cent of the total number of issued shares.

The offer period has been extended to 5.30pm on Oct 30, Lafe Corp said.

Lafe Corp was placed on the SGX Watchlist last year. Its operations comprise property investment, property development and property agency and appraisal and consultancy services.