28 Mar 2019

Voluntary conditional cash partial offer for the shares of Sevak Limited

Partner Danny Lim and Senior Associate Cheryl Tay have advised Smart Entertainment Private Limited in its voluntary conditional cash partial offer for 51% of the shares in Sevak Limited, which is listed on the Main Board of the SGX-ST. Based on the offer price of S$4.00 per share, Sevak is valued at S$47.4 million. Sevak distributes operator products and provides distribution services, information communications and technology distribution and managed services, and is also engaged in mobile devices retail business and further operates a fleet of battery electric vehicles for passenger land transport.