Conglomerate Musson Limited, majority controlled by PB Scott and Melanie Subratie, released an offer to the market last Friday to acquire $1 billion dollars worth of additional shares in its listed subsidiary, Seprod.
The offer will open on Wednesday and close on February 15.
If fully subscribed, it would increase Musson and its affiliates' shareholding in Seprod from 50 to roughly 51 per cent.
JMMB Investments will act as the lead broker for the offer.
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