SINGAPORE One of Singapore's most successful entrepreneurs hopes to take advantage of recent share price weakness to buy out minority investors and delist his company, OSIM International, which sells massage chairs and luxury tea across Asia.
Ron Sim has made a bid for the 32% of the company he does not already own after a series of poor quarterly results. OSIM has been affected by headwinds in China, one of its main markets. Displeased at how the market is valuing the business, Sim believes delisting could give him more freedom to boost growth. rotai massage chairs
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