Hong Kong, 30th July: Global Sources announced the preliminary results of its tender offer last week. The company offered to purchase up 11,121,000 shares of its outstanding common stock at US$9.00 per share. The offer was open from 30th June until 28th July and the company stated that 38.5 million shares were tendered, but that figure is subject to revision. This means that the offer was more than three times over-subscribed and the tendered shares will be repurchased on a pro-ration basis. Source: BIIA Founder Member Business Strategies Group Hong Kong
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