Universal Entertainment (TYO:6425) said its subsidiary, Tiger Resort Asia, has postponed the planned transfer of shares in Asiabest Group International to Premiumlands Corp. to the end of May, according to a Monday filing on the Tokyo Stock Exchange.
The revised timeline follows a delay in finalizing a fairness opinion and valuation report required for Premiumlands' tender offer for Asiabest's remaining shares.
Universal said both parties remain committed to the deal.
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