Latest counter-offer is at S$0.70 per share.
A Reuters report said, “A bidding war for Intraco has emerged after tycoon Oei Hong Leong raised his offer for Hanwell's 29.89 stake in the trading company to S$0.70. Oei increased his offer from S$0.63 each, after another bidder TH Investments offered to buy the Hanwell's stake at S$0.68 a share.”
View the report here.
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