NSL Receives Pre-Conditional Mandatory General Offer from YTL Cement

MT Newswires07-24

NSL (SGX:N02) is the target of a pre-conditional mandatory general offer for its shares by YTL Cement, facilitated by RHB Bank (KLSE:RHBBANK), according to a Tuesday filing on the Singapore Exchange.

YTL Cement entered into a conditional agreement to acquire 81.24% of NSL from 98 Holdings for SG$227.6 million, or at SG$0.750 per share.

Completion hinges on certain conditions to be met within four months, extendable upon agreement and the Securities Industry Council of Singapore approval.

If unmet, the offer may be terminated without liability. Upon meeting the conditions, YTL Cement will make a mandatory general offer for the remaining shares.

An independent financial adviser will be appointed for NSL's independent directors. Shareholders will receive advice and recommendations within 14 days of the offer document dispatch if the offer proceeds.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2453101514?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-24 09:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2453101514","market":"sg","top_or_hot":-1,"title":"NSL Receives Pre-Conditional Mandatory General Offer from YTL Cement","media":"MT Newswires","content":"<html><body><p> NSL (SGX:N02) is the target of a pre-conditional mandatory general offer for its shares by YTL Cement, facilitated by RHB Bank (KLSE:RHBBANK), according to a Tuesday filing on the Singapore Exchange.</p><p>YTL Cement entered into a conditional agreement to acquire 81.24% of NSL from 98 Holdings for SG$227.6 million, or at SG$0.750 per share.</p><p>Completion hinges on certain conditions to be met within four months, extendable upon agreement and the Securities Industry Council of Singapore approval.</p><p>If unmet, the offer may be terminated without liability. Upon meeting the conditions, YTL Cement will make a mandatory general offer for the remaining shares.</p><p>An independent financial adviser will be appointed for NSL's independent directors. Shareholders will receive advice and recommendations within 14 days of the offer document dispatch if the offer proceeds.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NSL Receives Pre-Conditional Mandatory General Offer from YTL Cement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNSL Receives Pre-Conditional Mandatory General Offer from YTL Cement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-24 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NSL (SGX:N02) is the target of a pre-conditional mandatory general offer for its shares by YTL Cement, facilitated by RHB Bank (KLSE:RHBBANK), according to a Tuesday filing on the Singapore Exchange....</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6037","symbol_name":"建筑材料","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2453101514","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453101514","pubTimestamp":1721782885,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"NSL  is the target of a pre-conditional mandatory general offer for its shares by YTL Cement, facilitated by RHB Bank , according to a Tuesday filing on the Singapore Exchange.YTL Cement entered into a conditional agreement to acquire 81.24% of NSL from 98 Holdings for SG$227.6 million, or at SG$0.750 per share.Completion hinges on certain conditions to be met within four months, extendable upon agreement and the Securities Industry Council of Singapore approval.If unmet, the offer may be terminated without liability. Upon meeting the conditions, YTL Cement will make a mandatory general offer for the remaining shares.An independent financial adviser will be appointed for NSL's independent directors. Shareholders will receive advice and recommendations within 14 days of the offer document dispatch if the offer proceeds.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6037":"建筑材料","N02.SI":"NSL LTD.","BK6507":"矿产资源股"},"translate_title":"NSL收到杨忠礼水泥的有条件强制性全面要约","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"N02.SI":1},"content_text":"NSL (SGX:N02) is the target of a pre-conditional mandatory general offer for its shares by YTL Cement, facilitated by RHB Bank (KLSE:RHBBANK), according to a Tuesday filing on the Singapore Exchange.YTL Cement entered into a conditional agreement to acquire 81.24% of NSL from 98 Holdings for SG$227.6 million, or at SG$0.750 per share.Completion hinges on certain conditions to be met within four months, extendable upon agreement and the Securities Industry Council of Singapore approval.If unmet, the offer may be terminated without liability. Upon meeting the conditions, YTL Cement will make a mandatory general offer for the remaining shares.An independent financial adviser will be appointed for NSL's independent directors. Shareholders will receive advice and recommendations within 14 days of the offer document dispatch if the offer proceeds.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453101514"}