Ossia International appoints W Capital as IFA for privatisatisation bid

The Goh brothers first announced they would take Ossia private on 15 May.

Ossia International’s Goh brothers have appointed W Capital Markets as an independent financial advisor (IFA) to advise the privatisation of the company.

The brothers, Goh Ching Wah, Goh Ching Huat, and Goh Ching Lai, first announced they would take Ossia private on 15 May.

As of 15 May, the siblings hold a total stake of about 86.06%, and will need to get acceptances exceeding 90% of Ossia’s shares.

The offer price represents a premium of around 41.59% over Ossia’s last traded price of 11.3 cents on 9 May.

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