Samko Timber Hit With Mandatory Unconditional Cash Offer at S\$0.0005237 Per Share: Vital Details for Shareholders

Key Points Investors Need To Know

• Mandatory Unconditional Cash Offer: Kingyue International Holding Pte. Ltd. (“Offeror”), via Evolve Capital Advisory Private Limited, has launched a mandatory unconditional cash offer for all issued and paid-up ordinary shares of Samko Timber Limited, excluding treasury shares.
• Offer Price: Each offer share will be acquired for S\$0.0005237 in cash.
• Offer Period: The offer closes at 5:30 p.m. (Singapore time) on 9 September 2025, unless extended by the Offeror.
• Targeted Shares: The offer is for all shares not already owned, controlled, or agreed to be acquired by the Offeror and its concert parties.

Critical Details and Price-Sensitive Information

• Irrevocable Acceptance: Once you submit the Form of Acceptance and Transfer (FAT), your acceptance is irrevocable. Shareholders must transfer all rights and benefits with the shares, including dividends and other entitlements declared after the offer announcement date.
• Shareholder Action Required: Shareholders wishing to accept the offer must complete and submit the FAT, together with original share certificates and any other required documents, to In.Corp Corporate Services Pte. Ltd. at the specified address in Singapore.
• Offer Settlement: Payment will be made by cheque in Singapore dollars, sent by ordinary post within seven business days of receipt of valid acceptance and all required documents.
• Important Deadline: All documents must be received by 5:30 p.m. (Singapore time) on the closing date. Late submissions may not be processed.
• Registered vs. CDP Shares: This FAT is only for shareholders whose shares are not deposited with The Central Depository (CDP). If your shares are with CDP, you must use a different form (FAA).
• Overseas Shareholders: The offer’s availability may be affected by overseas laws. Overseas investors should consult the “Overseas Shareholders” section in the offer document and seek professional advice if in doubt.
• Lost or Missing Documents: If you have lost your share certificates or other required documents, you must procure replacements from the company and still submit the FAT by the deadline.
• Corporate and Deceased Shareholders: Special procedures are required for corporations and estates of deceased shareholders, including use of a company seal or legal documents (Grant of Probate, Letters of Administration).
• Offeror Rights and Discretion: The Offeror and its agents may reject acceptances that are incomplete, incorrect, or not in original form. Their decision is final and binding.
• Legal Jurisdiction: The acceptance of the offer is governed by Singapore law, with disputes subject to the Singapore courts.

Implications for Shareholders and Potential Share Price Impact

This offer price of S\$0.0005237 per share is a critical, price-sensitive development for Samko Timber shareholders.
The mandatory, unconditional nature of the offer means all eligible shares tendered will be bought at this set price, with no further negotiation.
Retail investors should compare the offer price against recent or historical trading prices to assess whether to accept. Accepting the offer means waiving all future rights and benefits to these shares, including any dividends or capital returns declared after the offer announcement date.

Failure to act by the deadline could leave shareholders with illiquid or less valuable shares if the Offeror subsequently acquires control and potentially pursues delisting or changes in company strategy. The offer price, being extremely low (fractions of a Singapore cent), may reflect the company’s recent financial performance or strategic intentions of the acquirer, and could be a significant discount or premium depending on your entry price.

Shareholders who do not wish to accept the offer need not submit the FAT, but should be aware of the risks of holding shares in a company potentially controlled or delisted by the Offeror.

Actions Required

• Read the full offer document and all FAT instructions carefully.
• Decide whether the offer price is acceptable for your investment objectives.
• If accepting, complete and submit all required forms and documents before the deadline.
• Consult a professional adviser if you are unsure.

Conclusion

The mandatory unconditional cash offer for Samko Timber Limited at S\$0.0005237 per share is a pivotal event that could reshape the company’s shareholder base and share price. The extremely low offer price represents a critical decision point for all investors, particularly those holding shares in physical certificate form.

Do not ignore the deadline or the need for proper documentation. This is a time-sensitive, price-moving event that demands immediate attention from all Samko Timber shareholders.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Retail investors should consult their own professional advisers before making any investment decisions in relation to this offer.

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