SINGAPORE (Feb 7): Silver Creek Capital, an entity jointly owned by Stephen Riady and Andy Adhiwana, has made a voluntary cash offer for all of the shares in Auric Pacific Group that both individuals and their families do not already own at an offer price of S$1.65. Auric Pacific operates the Food Junction chain of food courts as well as manufactures food products such as Sunshine Bread. Silver Creek said in a filing to the Singapore Exchange that the offer was made with the intention to delist and privatise Auric Pacific. It added that the offer price is final and would not be revised. Based on the 126 million shares issued, the offer values Auric Pacific at S$208 million.

Source: The Edge Markets February 07, 2017 02:15 UTC