The unconditional voluntary takeover offer on Complete Logistics Services Bhd (CLSB) made on Dec 7 by its 29.11% major shareholder Datuk Eddie Ong Choo Meng via his special purpose vehicle Hextar Tech Sdn Bhd (formerly known as Get Asia Group Sdn Bhd) is viewed as fair and reasonable, and shareholders are urged to accept the offer.
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St Helier Beverage Company management buyout Corinthian Brands joint managing directors John Hibberd and Paul Burton have led a management buyout (MBO) of parent company St Helier Beverage Company, with help from an eight-figure funding package from finance lender ThinCats.
Supported by Adam Street Advisers, the buyout included the business and all its subsidiaries.
Commenting on the MBO, Burton said: “
Our senior management team’s wealth of experience in the drinks industry has led to an impressive product portfolio, which we are constantly evolving and developing.
“This funding package will allow us to further boost our plans and enable us to bring more new and innovative products to our customers.”