SINGAPORE: Osim International Ltd chairman and chief executive officer Ron Sim (pic) increased his cash offer for a second time to S$331.4mil (US$246mil) to take Asia’s biggest maker of massage chairs private.Sim boosted his offer to S$1.41 per share from S$1.39 through his investment vehicle, Vision Three Pte Ltd, according to a statement on Friday. The latest proposal includes the 2-cent dividend for 2015, expected to be paid on or about April 13, the statement showed.There will be no further price increase and the closing date has been extended to April 29 from April 25, according to the statement. The proposal will be extended to shareholders who have already accepted the earlier offer, the statement showed. Sim held 68.31% when he made his first offer. The original offer on March 7, which was for S$1.32 per share, was raised by more than 5% on April 5. Trading has been halted since then. Osim rose 1.1% to S$1.37 before the suspension. You May Be Interested Freeport Indonesia CEO resigns after force majeure on copper exports
This is the latest addition to OSIM’s range of massage chairs and THE massage chair meant for a first time buyer. As a parent, I have to double hat as an employee during the day and a father at night. In all honesty, it can be quite a drain on one's body. My body is probably twisted with stress knots that needs to be unwound every now and then. A stiff neck or an aching back is not unusual for this middle-aged man. Time is so precious for me, that even a visit to the Sinseh for a neck or back rub ends up being a luxury in spite of the fact that, given the state of my body, it is actually a necessity. With OSIM uDiva Classic massage chair in the house, this luxury turned into a daily indulgence. My once a stressed out body is now rejuvenated as the 'batteries' recharge every evening. A good 15 minutes on the chair can turn any man to mush, making a session on the massage chair, a 'must do' before sleep activity for a good night rest. We give you 8 reasons to make you drool over the OSIM uDiva Classic.
If you think you are just buying a massage chair, think again. What you are actually getting is a 3-in-1 massage chair that will give you the triple benefits of sofa, massage chair and lounger -- all into one nifty package. You can read a book, sit and relax, watch a movie or even enjoy a quick massage on the same chair. This is the ultimate transformer chair in the market. 3 for the price of 1 sounds like an amazing deal to us. Honestly, given our work schedules and children's timetable, my wife and I hardly ever get any time to go for a spa treat with the exception of special occasions. However, this has changed with the coming of OSIM uDiva classic into our home. The OSIM uDiva classic instantly transforms the home into a mini spa. The spa-like massage you get from the Hybrid Power-Ball Massage Technology is as good as getting your knots kneaded at a retreat. It is mazing to have this little luxurious treat in the comfort of your own home. Total relaxation at home is always welcome in my book.
Time saved from going to a spa is spent with the family... Click on the next page to find out, what other features of the OSIM uDiva Classic massage chair made us fall in love with it. OSIM International Ltd (Chinese: 傲胜国际企业; pinyin: ), was originally established in Singapore in 1980 by Ron Sim, as an electrical and household appliance company under the name of R Sim Trading. With a small start-up capital, the company was mainly involved with the marketing of household products such as knives, knife sharpeners and mobile clothes drying rods. In 1989, the company registered the name Health Check and Care, and saw a shift in focus to healthy lifestyle products. The period following this saw tremendous growth for the company, and it developed outlets including Malaysia and Indonesia. In 1993, the company officially launched the OSIM brand name and its distribution network expanded to 60 point-of-sale outlets in Asia. In 2002, OSIM opened its global business headquarters in Singapore at 65 Ubi Avenue 1.
The Business Headquarters Status (BHQ) was awarded to OSIM by The Economic Development Board. In 1993, the company opened its first concept shop in Shanghai, in the People’s Republic of China. In October 2005, OSIM made a strategic acquisition of US Nationwide specialty retailer Brookstone. OSIM is a combination of the surname of its founder, Sim, and 'O' that stands for the globe. ^ a b c d eOSIM iMedic 200 Massage Chair OSIM iMedic 200 is a mid range massage chair designed for majority of the population.iMedic 200 has a unique designed swivel base that offers users flexibility in orientating the chair seat. The product is lifted, giving the overall design a light and tranquil feel.The body managed to give the chair a slim and elegant touch,making it look friendly and inviting without trading off its sophisticated and stylish character.Overall, the product expresses an appropriate product language.At $6,000, this OSIM uSpace full body massage chair better do what it says in addition to just looking all sci-fi and space Pac-Manish.