George Quek Meng Tong, Katherine Lee Lih Leng, Primacy Investment Limited, Square Investment Pte. Ltd. and others ('Consortium') made a conditional voluntary general cash offer to acquire remaining 29.4% stake in BreadTalk Group Limited (SGX:CTN) for approximately SGD 130 million on February 24, 2020. As per the offer the consortium will buy remaining issued ordinary share of BreadTalk for SGD 0.77 per share in cash. As part of the acquisition, if the buyers receive valid acceptances 90% of the total number of shares in BreadTalk, then the buyers will be entitled to acquire all the shares of the shareholders through compulsorily acquisition. The transaction is subject to the consent of the Securities Industry Council. The offer will remain open for a period of at least 28 days from the date of posting of the offer documents. If you accept the offer on or before the date it becomes or is declared unconditional in all respects, shareholders will be paid within seven business days after the offer becomes or is declared unconditional in all respects. As of April 3, 2020, the minimum acceptance condition has been satisfied, and as the offer is not subject to any other conditions, the offer is hereby declared unconditional in all respects. As of April 16, 2020, the consortium and persons acting in concert now holds approximately 97.77% shares in BreadTalk and intends to acquire the remaining via compulsory acquisition. The offer will get closed on April 6, 2020. The closing date of the offer has been extended to April 20, 2020. United Overseas Bank Limited (SGX:U11) acted as financial advisor to offerors. PrimePartners Corporate Finance Pte. Ltd. acted as financial advisor to BreadTalk Group Limited. Christopher Koh, Mark Quek and Lim Wei Ting of Allen & Gledhill acted as legal advisor for George Quek Meng Tong, Katherine Lee Lih Leng, Primacy Investment Limited, Square Investment Pte. Ltd. and others.