"As at the acquisition date, the net tangible asset value of Neptune was approximately S$0.035 (A$0.027) per share and the fair value of the identifiable net assets acquired, which has been determined on a provisional basis, was approximately S$82,664,000 (A$64,733,000). Pursuant to the acceptances received, the open market purchase of Neptune Shares and the Neptune Shares that Blossomvale already owned prior to the Offer, Blossomvale now holds 86.81% of the total number of issued Neptune Shares."
86.81% of NMS = 1,605,502,253 shares
$64,733,000(fair value on a provisonal basis)/1,605,502,253 = $0.0403 cents per share.
The independent report valued the company at $0.031. hmmmmm......
