JS Global Resubmits Consortium’s Intention to Acquire 83.9% Stake in Calcorp Ltd

JS Global on behalf of its clients (consortium) has submitted a fresh public announcement of intention to acquire up to 9,020,473 ordinary shares of Calcorp Limited representing 83.96 percent of the total issued paid-up capital, subject to receipt of requisite regulatory and other approvals. JS Global Capital Limited is the Manager to the Offer on this PAI. “On Behalf of Acquirers, we wish to reiterate that the Acquirers continue to be fully committed to consummate the Transaction pending receipt of regulatory and other approvals,” it told the main bourse today. The acquirers intend to acquire voting shares of Calcorp Limited to own and control at least 83.96 percent of the overall paid-up capital of the company. A public offer will be made for 50 percent of the remaining voting shares, in accordance with Regulation 14 of the Listed Companies. If applicable, the public offer may be part of a competitive bid under Regulation 17 of the Regulations, in the event of an earlier public announcement of an offer by another interested acquirer.   Calcorp Limited’s (PSX: CASH) principal line of business is that of a general-purpose holding company capable of making investments in a range of marketable securities, intellectual property, and other assets plied for hire.