Amasten to merge with SSM in a $65m deal.

Amasten, a real estate holding and development company, offered to merge with SSM, a property developer, in a $65m deal. The independent board members in SSM unanimously recommend the shareholders in SSM to accept the public offer from Amasten. The independent board members consider that the benefits of accepting the offer outweigh the fact that the offer is not fully deemed to reflect the company’s long-term value potential.