The Straits Times / The Business Times News on OSIM

Osim stake in Global Active rises to 65.36%

OSIM International's stake in takeover target Global Active continues to rise. Following its receipt of acceptances on Wednesday and Thursday for 3.14 million Global Active shares, its stake in the nutritional products company rose from 64.05 per cent to 65.36 per cent. Osim, as of last Thursday, has a direct interest in 156.86 million Global Active shares, inclusive of acceptances for a total of 59.2 million shares.

The latest transactions also boosted Osim chief executive officer Ron Sim's deemed interest to 65.36 per cent. Osim's offer for Global Active shares at 23 cents apiece closes on April 28. The share price of Global Active last closed at 22.5 cents each.