Advansory Investment Pte. Ltd. Closes Mandatory Unconditional Cash Offer for Olive Tree Estates Limited

Key Points from the Announcement

• Offer Closure: The mandatory unconditional cash offer made by Advansory Investment Pte. Ltd. (“Offeror”), through Evolve Capital Advisory Private Limited (“Evolve”), for all issued and paid-up ordinary shares in Olive Tree Estates Limited (excluding those already owned/controlled by the Offeror and its concert parties) closed at 5:30 p.m. (Singapore time) on 28 November 2025.
• No Further Acceptances: The offer is no longer open for acceptance. Any acceptances received after the deadline will be rejected.
• Final Acceptances: The Offeror received valid acceptances for 20,487,786 Offer Shares, representing approximately 17.69% of the total issued shares of Olive Tree Estates Limited.
• Pre-Offer Holdings: As of the offer announcement date (10 October 2025), the Offeror and its concert parties collectively owned 80,500,000 shares, or about 69.49% of the company.
• Post-Offer Ownership: After the offer closed, the Offeror and its concert parties collectively own/control or have agreed to acquire a total of 100,987,786 shares, representing approximately 87.17% of the company (out of 115,845,211 issued shares).
• No Additional Acquisitions: There were no further acquisitions or agreements to acquire shares by the Offeror or its concert parties during the offer period aside from the valid acceptances and the completion of the previously announced acquisition.

Important Information for Shareholders

• Significant Change in Control: The Offeror now controls a dominant majority stake (87.17%) in Olive Tree Estates Limited. This level of ownership is significant and may lead to substantial changes in the company’s governance, management, and strategic direction.
• Potential Delisting Risk: With the Offeror and its concert parties holding more than 85% of the shares, shareholders should be aware of the possibility of a future delisting from the Singapore Exchange, as the public float may fall below the minimum requirement.
• Limited Liquidity: The sharp reduction in the free float is likely to impact the liquidity of Olive Tree Estates Limited shares. This could result in wider bid-ask spreads and increased volatility in share price.
• Price Sensitivity: The offer’s closure and the substantial acceptance level are material events that could move the share price. Investors should monitor for further announcements regarding potential corporate actions, such as compulsory acquisition of remaining shares or changes to the company’s listing status.
• No Additional Share Purchases: Aside from the offer acceptances, the Offeror did not acquire additional shares on or off market during the offer period, implying that the ownership increase came solely from the completed offer and prior acquisitions.

Other Noteworthy Details

• Responsibility Statement: The sole director of the Offeror has confirmed that all facts and opinions expressed in the announcement are fair and accurate, and that material facts have not been omitted.
• Forward-Looking Statements: The announcement contains forward-looking statements regarding future intentions or strategies of the Offeror. These are subject to various risks and uncertainties and actual outcomes may differ materially.
• Investor Enquiries: Shareholders and investors are advised to contact Evolve Capital Advisory Private Limited for any questions related to the offer via their helpline: (65) 6241 6626.

Potential Impact on Share Price

The offer’s successful closure, resulting in the Offeror and its concert parties owning 87.17% of Olive Tree Estates Limited, is a material, price-sensitive event. This outcome could lead to significant share price movement due to the potential for reduced liquidity, a lower public float, and the possibility of future delisting or compulsory acquisition of minority shares. Investors should closely monitor further company announcements and regulatory disclosures.

Disclaimer

This article is based on the official announcement issued by Evolve Capital Advisory Private Limited on behalf of Advansory Investment Pte. Ltd. dated 28 November 2025. This summary is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors are advised to conduct their own due diligence and consult with their professional advisers before making investment decisions. The author and publisher accept no liability for any losses incurred as a result of reliance on this information.

View Olive Tree Historical chart here