11 Jan 2021

Pre-conditional Voluntary Offer by PricewaterhouseCoopers Corporate Finance Pte Ltd for and on behalf of AEM Singapore Pte. Ltd. for CEI Limited

Partner Cynthia Goh from Rajah & Tann Singapore is acting for AEM Singapore Pte. Ltd. ("AEM") in the pre-conditional voluntary offer ("Offer") by PricewaterhouseCoopers Corporate Finance Pte Ltd, for and on behalf of AEM, to acquire all the issued and paid-up ordinary shares (excluding any shares held in treasury) ("Shares") in the capital of CEI Limited ("CEI") other than those already held by AEM. Based on the offer consideration of S$1.15 per Share, the Offer values CEI at approximately S$101.1 million.