Tender/ Acquisition/ Takeover/ Purchase Offer::Voluntary

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Security
AVARGA LTD - SGXE98222768 - X5N

Announcement Details

Announcement Title
Voluntary Tender/ Acquisition/ Takeover/ Purchase Offer
Date &Time of Broadcast
03-Sep-2026 18:43:34
Status
New
Corporate Action Reference
SG260903TENDUYE5
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Chief Executive Officer
Percentage Sought (%)
100

Event Narrative

Narrative Type
Narrative Text
OfferorTKO Pte. Ltd.

Option 1-Disbursement Details

Closing Time
00:00:00
Existing Security Details
Disbursement Type
Cash
Cash Payment Details
Offer Price
SGD 2.7

Option 2-Disbursement Details

Closing Time
00:00:00
Existing Security Details
Disbursement Type
Cash & Security
Cash Payment Details
Offer Price
SGD 2
New Security Details
Security Not Found?
No
Fractional Disposition Method
Standard
Note : Any Information entered in the narrative will not be used for processing
Narrative Type
Narrative Text
Additional TextIn lieu of the Cash Consideration, S$2.00 in cash and one (1) new redeemable preference share ("RPS") for each Scheme Share (the "Combination Consideration"). The RPS shall be mandatorily redeemed five (5) years from the date of their issuance at the Redemption Amount of S$1.20 for each RPS.