Niks Professional Ltd. Responds to Key Shareholder Questions Ahead of Proposed Delisting

Niks Professional Ltd. (Company Registration Number 199804609D), a profitable player in Singapore’s healthcare sector, has issued a detailed response to shareholder queries concerning its proposed delisting from the Singapore Exchange (SGX). The company’s Board addressed two critical questions submitted before the Extraordinary General Meeting (EGM) scheduled for 27 November 2025.

Key Highlights from the Company’s Announcement

• Delisting Timing and Rationale:
  • The Board confirmed its intention to seek delisting, citing multiple factors including historical trading performance, ongoing compliance costs, the opportunity for greater management flexibility, and the benefits of a selective capital reduction route.
  • Despite Singapore authorities implementing a S\$5 billion stock market revitalization plan and other supportive measures, the Board believes that delisting presents a more immediate solution for shareholders and the Company rather than waiting for the long-term impact of these initiatives.
• Shareholder Value and Alternative Options:
  • The Board highlighted that the Exit Offer Price is deemed fair and reasonable by an independent financial adviser (IFA), whose considerations are detailed in the Circular’s Appendix A.
  • In response to concerns about unlocking shareholder value, the Board stated it had reviewed alternative corporate actions (such as special dividends or cash distributions) but concluded that the selective capital reduction-based delisting was the most appropriate route.
  • The Board also considered other delisting options, such as a voluntary offer by a third party, but ultimately opted for the current proposal.
• Independent Directors’ Role:
  • Minority shareholder interests were a focus of the Board’s deliberations, particularly by the three independent directors, reflecting the principles outlined in MAS’s recent speech on directorship and value creation.

Important Considerations for Shareholders

• Price Sensitivity:
  • The decision to delist and the terms of the Exit Offer are material events that are likely to impact share price and investor sentiment. Shareholders should review the IFA’s assessment of the Exit Offer Price in detail.
  • The Board’s assessment that the delisting is in the best interests of shareholders, given market conditions and company performance, could result in a near-term re-rating of the Company’s shares.
  • If the delisting proceeds, shareholders will need to decide whether to accept the Exit Offer or consider alternative courses, potentially affecting their investment’s liquidity and future prospects.
• Process Transparency:
  • The Board has emphasized its responsibility in ensuring the accuracy and fairness of the information provided to shareholders, with oversight from the Company’s Sponsor, SAC Capital Private Limited.
  • Information from public and third-party sources has been thoroughly reviewed and accurately reproduced in the Company’s announcements.

What Investors Should Do Next

• Carefully review the Circular and the IFA’s detailed assessment of the Exit Offer Price.
• Understand the implications of delisting, including loss of trading liquidity and future company access.
• Consider attending the EGM on 27 November 2025 to raise any further questions or seek clarification on the Board’s rationale.

Disclaimer: This article is based on company disclosures and is not intended as investment advice. Shareholders and potential investors should conduct their own due diligence and consult professional advisers before making investment decisions. The information provided herein may be subject to change based on future announcements or regulatory decisions.

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