date:Jan 31, 2013
CC Group, increased the offer price in order to outbid rival Overseas Union Enterprise's takeover offer.
Singapore-listed property company Overseas Union Enterprise, which is run by Indonesian tycoon Stephen Riady, offered a price of S$9.08 ($7.39).
However, Sirivadhanabhakdi raised his offer from S$8.88 ($7.2) per share to S$9.55 ($7.77) a share.
The battle to purchase the assets of FN started in July 2011, when Sirivadhanabhakdi started acquiring shares in the Singapore group. This made Dut