Goh Family Offers to Take Ossia International Private; Shares Surge 42%

MT Newswires

2025/05/16

Ossia International (SGX:O08) received an unconditional cash offer to take the company private at SG$0.16 per share from its controlling shareholders, according to a filing with the Singapore Exchange on Thursday.

The offer price is a premium of around 41.59% over the company's last traded price on May 9.

The offerors include Wah Ching Goh, the company's group executive chairman who has a 26.01% stake; Huat Ching Goh, the company's chief executive officer who has a 25.82% stake; and Ching Lai Goh, a non-executive director who has a 32.96% stake in the company.

Meanwhile, Choo Lee Goh, deemed to be acting in concert with the joint offerors, has a 1.27% stake in the company.

Shares of the company surged nearly 42% in recent trading.

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