Tal United Pte. Ltd. Makes Voluntary Unconditional Cash Offer for Sin Heng Heavy Machinery Limited
Key Highlights:
Tal United Pte. Ltd. (the “Offeror”) is making a voluntary unconditional cash offer to acquire all the issued and paid-up ordinary shares of Sin Heng Heavy Machinery Limited (the “Company”) 1.
The offer price is S$0.58 per share, which the Offeror has stated is final and does not intend to increase, except in the event of a competitive situation 1.
Shareholders holding share certificates can accept the offer by completing and submitting the Form of Acceptance and Transfer (FAT) 1, 2.
The offer is open for acceptance until 5:30 pm (Singapore time) on 30 April 2025 (the “Closing Date”) 1.
Shareholders are advised to read the section on “Overseas Shareholders” in the Offer Document carefully, as the availability of the offer to shareholders outside of Singapore may be affected by the laws of the relevant jurisdictions 1.
Potential Impact on Share Price:
The all-cash offer at S$0.58 per share represents a premium of 15% over the last traded price of the Company’s shares prior to the offer announcement 1.
Acceptance of the offer will provide shareholders with immediate liquidity and certainty of value for their shares.
The successful completion of the offer may lead to the delisting of the Company from the Singapore Exchange, which could impact the share price and trading liquidity.
Tal United Pte. Ltd. Offers to Acquire Sin Heng Heavy Machinery Limited for S\$0.58 per Share
In a move that could reshape the heavy machinery industry, Tal United Pte. Ltd. (the “Offeror”) has announced a voluntary unconditional cash offer to acquire all the issued and paid-up ordinary shares of Sin Heng Heavy Machinery Limited (the “Company”) at a price of S$0.58 per share.
The offer price represents a 15% premium over the last traded price of the Company’s shares prior to the announcement, providing shareholders with an attractive opportunity to monetize their investment. The Offeror has stated that the offer price is final and does not intend to increase, except in the event of a competitive situation.
Shareholders holding share certificates can accept the offer by completing and submitting the Form of Acceptance and Transfer (FAT) to the Offeror’s agent, Boardroom Corporate & Advisory Services Pte. Ltd., by the Closing Date of 5:30 pm (Singapore time) on 30 April 2025.
The successful completion of the offer may lead to the delisting of the Company from the Singapore Exchange, which could impact the share price and trading liquidity. Shareholders are advised to carefully consider the implications of the offer and seek professional advice if necessary.
Disclaimer: This article is for informational purposes only and does not constitute a recommendation or solicitation to buy or sell any securities. Investors should conduct their own due diligence and seek professional advice before making any investment decisions.
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