DW Healthcare Partners V, L.P. managed by DW Healthcare Partners made an offer to acquire Parnell Pharmaceuticals Holdings Ltd (OTCPK:PARN.F) for $7.2 million on November 16, 2020. Under the terms of the offer, $0.4 will be paid per share net to the seller in cash without interest and less applicable withholding taxes. Tender offer is subject to minimum acceptance of 50.1%. Tender offer commencement has started and shall last till January 21, 2021. As on January 21, 2021, holders of 5,695,775 had tendered their securities had tendered their securities. and this offer extended till January 28, 2021.