According to the bourse filing, Labrador Park has already secured irrevocable undertakings of some 79.54% of the total share base.
The offer price represents a premium of 18.3% over the one-month volume weighted average price of the shares.
“The offer represents an attractive cash exit opportunity for the Shareholders to liquidate and realise their entire investment at a premium to the prevailing market prices, without incurring brokerage and other trading costs,” the offeror states.
Asian Healthcare Specialists last traded at 16 cents on Oct 6.
