SINGAPORE (May 12): Cityneon Holdings, the exhibitions and events group, has received a pre-conditional mandatory offer from Lucrum 1 Investment to buy over all the shares it does not own at 90 cents each.

Shares of Cityneon were trading at 95.5 cents before a halt was called on May 5.

The offer was triggered after Lucrum, special purpose vehicle set up for the acquisition, entered into a share purchase agreement to acquire a 52.51% stake in Cityneon from vendor Laviani, a wholly-owned subsidiary of Bursa Malaysia-listed Star Media Group.

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