Singapore 13 October 2010 - Biosensors International Group, Ltd. (“Biosensors” or the “Company”, Bloomberg: BIG SP) today commented on a recent announcement from Hony Capital and Mr. Yoh-Chie Lu, Biosensors Chairman.
On October 10, 2010, Hony Capital, through its wholly owned special purpose vehicle, Autumn Eagle Limited, entered into Sale and Purchase Agreements to purchase a total of 319,311,200 shares of Biosensors common stock, representing 29.47% of Biosensors outstanding shares. Included in the shares purchased by Autumn Eagle is the 18.2% ownership stake of Biosensors’ current largest shareholder, Chairman Mr. Yoh-Chie Lu and his affiliates. Mr. Lu will continue in his current role as Biosensors’ Chairman of the Board. The shares will be sold at a price of $0.8888 per share, after taking into consideration the average price of the shares of Biosensors traded on the Singapore Stock
Exchange for the 45-day period prior to the date of Sale and Purchase Agreements.
Mr. Jeffrey B. Jump, President and CEO commented, “We believe that these recent events position Biosensors for a very exciting future. We retain the experience, vision and leadership of Yoh-Chie Lu, who will remain our Chairman, and we have gained a new partner who will be instrumental in our future growth and development, particularly in the Asian markets, including China.”
Los Angeles DA Condemns ‘Extremely Disturbing’ Sean ‘Diddy’ Combs Video—But
Won’t Bring Charges. Here’s Why.
-
ToplineThe Los Angeles County Attorney’s Office said it is aware of a
widely circulated video depicting rapper and hip-hop mogul Sean “Diddy”
Combs attacki...
2 hours ago
No comments:
Post a Comment