Grandpoint offer fails

PUBLISHED : Thursday, 03 November, 1994, 12:00am
UPDATED : Thursday, 03 November, 1994, 12:00am
 

AN offer by Grandpoint Profits to acquire Tung Fong Hung (Holdings) has failed.


Offers totalling 17 per cent of the shares have been accepted, leaving Grandpoint in possession of 35.13 per cent of Tung Fong Hung shares at the first closing date for the offer. The offer will remain open until November 16.


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