<div><div><p>[SINGAPORE] The controlling shareholders of Ossia International – group executive chairman Goh Ching Wah, chief executive Goh Ching Huat, and non-executive director Goh Ching Lai – have made an unconditional offer on Thursday (May 15) to take the lifestyle products retailer and distributor private at S$0.16 a share.</p><p>The joint offerors are brothers; and collectively, they hold stakes totalling 84.79 per cent in Singapore mainboard-listed Ossia.</p><p>Goh Lee Choo, their sister, who holds 1.27 per cent interest in the company, is a concert party in relation to this cash offer.</p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>The offer price is a premium of about 41.6 per cent over the last traded price of S$0.113 on May 9, prior to Ossia’s request for a trading halt on May 13 before the market opened.</p><p>It is higher than the S$0.145 a share in last year’s offer made by the trio, who owned 75.3 per cent of the company then.</p><p>Their latest offer is a premium of 20.4 per cent over the volume weighted average price of the shares for the three-month period and 16.4 per cent for the six-month period leading up to the last full trading day. </p><div><div><div><div id="dfp-ad-midarticlespecial"></div></div></div></div><p>The Gohs said that this is an opportunity for shareholders to realise their investments at a premium without incurring brokerage costs.</p><p>They also commented that this presents an opportunity for shareholders who may find it difficult to exit their investments due to low trading liquidity.
</p><p>Ossia faces a challenging environment in Singapore and abroad amid an uncertain economic climate stemming from tariff turmoil and geopolitical tensions, the offerors said.
</p><div><div><div><div id="dfp-ad-imu2"></div></div></div></div><p>Should the acceptance exceeds 90 per cent, the offerors intend to exercise their right of compulsory acquisition and not to take any steps to restore Ossia’s public float.
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<p>The controlling shareholders of Ossia International have made an unconditional offer to take the company private at S$0.16 per share, representing a 41.6% premium over the last traded price. The Goh brothers, who collectively hold 84.79% of the company, aim to provide shareholders an opportunity to exit their investments amid challenging market conditions. If acceptances exceed 90%, they plan to exercise compulsory acquisition rights and will not restore Ossia’s public float.</p>

Ossia controlling shareholders offer S$0.16 a share to take it private