Serge Pun, Tun Tun and Cyrus Pun completed the acquisition of remaining 50.16% stake in Memories Group Limited(MGL) from Yoma Strategic Investment Ltd. and others.
Directors have reviewed the Delisting Proposal and have resolved to (a) apply to the SGXST for the Delisting; and (b) subject to the approval of the SGX-ST, convene an extraordinary general meeting of MGL ("EGM") to seek the approval of the shareholders of MGL by at least 75% of votes. Offer is expected to close on 2 December 2022.
SAC Capital Private Limited acted as financial advisor to Serge Pun, Tun Tun and Cyrus Pun. Provenance Capital Pte. Ltd. acted as a financial advisor and Altum Law Corporation acted as legal advisor to Memories Group Limited.
Serge Pun, Tun Tun and Cyrus Pun completed the acquisition of remaining 50.16% stake in Memories Group Limited (Catalist:1H4)(MGL) from Yoma Strategic Investment Ltd. and others on December 2, 2022. The offeror has exercised its right of Compulsory Acquisition on 9 January 2023 to acquire the remaining shares.