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Controlling shareholder Stephen Riady makes cash offer to take Auric Pacific private

Update

Controlling shareholder Stephen Riady makes cash offer to take Auric Pacific private

Gwyneth Yeo Published on Tue, Feb 07, 2017 / 8:44 AM GMT+8

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SINGAPORE (Feb 7): Auric Pacific has received a voluntary conditional cash offer from Silver Creek Capital, an investment vehicle jointly owned by its largest shareholder Stephen Riady and his son-in-law Andy Adhiwana.

Silver Creek is offering $1.65 in cash for each Auric Pacific share that is not controlled by Riady and Adhiwana. The offer price represents a premium of 13.4% from Auric Pacific’s closing price of $1.455 yesterday.

Silver Creek says the offer price is final and would not be revised.

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