The offer price should be the average of a number of days preceding the halt.
It bought more than 14% at $1.12 and can offer slightly lower for the rest of the shares. The short-sellers will get their fingers burnt this time. It is high time to teach the short-sellers a lesson, especially there is not much truth in the allegations.
In the interest of shareholders of Singapore-listed companies, these short-sellers which make factually incorrect claims need to be sued once and for all to deter them from making such claims in future unless they have done 100% extremely thorough research. If they are incapable of fully obtaining the facts, they should be shutting up. The unwarranted panic inducement they are trying to profit from is harming honest shareholders like us. Sue them once and it will act as a deterrent in future.