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FINWIRES

Bromat Holdings' Mandatory Offer Closes

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The mandatory unconditional cash offer by controlling shareholder and non-executive director Frank Liu Tao for Bromat Holdings Ltd. (SGX:9I7) officially concluded on July 8, according to a Wednesday bourse filing.

The offeror pulled in valid acceptances for 2,879,036 ordinary shares, which make up roughly 0.64% of the food and beverage company's total issued share capital

Prior to launching the unconditional takeover bid, Frank Liu Tao already controlled 365,742,469 shares, representing an 80.69% stake in the group. The finalized tenders lift his total combined equity slice to 368,621,505 shares, establishing an 81.33% majority ownership.

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