Osim founder Ron Sim ups offer to $1.41 cash apiece

Mr Ron Sim, founder, chairman and chief executive of Osim International.
Mr Ron Sim, founder, chairman and chief executive of Osim International.PHOTO: OSIM

SINGAPORE - Osim International's founder Ron Sim announced that the cash offer is $1.41 per share, inclusive of a two cent final dividend. It had last been revised to $1.39 per share on April 5.

He plans to take the company private.

Vision Three will "not further revise the final offer price", the announcement late on Friday night said.

There will be no further price increase and the closing date has been extended to April 29 from April 25.

The proposal will be extended to shareholders who have already accepted the earlier offer.

Osim closed at $1.37 on Tuesday afternoon (April 5) before the suspension. Trading of Osim's shares will resume Monday.