Milkyway Chemical made a general offer for LHN Logistics at 22.66 cents each on June 4, which is 13.3% higher than the latter’s initial public offering (IPO) price of 20 cents in April 2022.
The offer was subject to two conditions, which were given on July 31 and Aug 1.
Shares in LHN Logistics last traded at 22.5 cents.
