Brief: Tian An Australia receives incomplete, non-binding proposal for an off-market takeover from Oasis Star

Tian AN Australia

24/07/2017 08:12

July 24 (Reuters) - Tian An Australia Ltd  TIA.AX  
    * Received an incomplete, non-binding and indicative 
proposal in respect of a proportional off-market takeover from 
oasis star ltd 
    * Offer to acquire 80% of each shareholder's issued shares 
in tia that oasis star does not own at an offer price of a$1.30 
per tia share 
    * Established independent board committee comprised of 
independent directors of tia to review and assess indicative 
proposal 
    * Oasis Star currently has a relevant interest in 34.46% of 
entire issued share capital of tia 
 
Source text for Eikon:  ID:nASX2CYmQq  
Further company coverage:  TIA.AX  
 
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