Major Update: Voluntary Conditional General Offer for Low Keng Huat (Singapore) Limited at S\$0.72 per Share

Key Points for Investors

• Offer Details: A Voluntary Conditional General Offer has been launched for all the issued and paid-up ordinary shares (“Offer Shares”) of Low Keng Huat (Singapore) Limited at an offer price of S\$0.72 per share.
• Offer Timeline: The offer closes at 5.30 p.m. (Singapore time) on 14 January 2026, unless extended by the Offeror.
• Acceptance Process: Shareholders who wish to accept the offer can do so electronically via the SGX Investors Portal (www.investors.sgx.com) or by submitting a physical Form of Acceptance and Authorisation (“FAA”) to Consistent Record Pte. Ltd., c/o The Central Depository (Pte) Limited.
• Irrevocable Acceptance: Once submitted, acceptances of the offer are irrevocable, subject to the detailed provisions in the offer and FAA.
• Eligibility: Shareholders whose shares are credited to the “Free Balance” of their Securities Account are eligible. Shares must be fully paid and free from third-party claims or encumbrances.
• Special Circumstances: There are specific instructions for shares purchased via CPF/SRS, for corporate or deceased account holders, and for shareholders abroad.
• Consideration and Settlement: Payment for accepted shares will be credited directly to shareholders’ bank account via CDP’s Direct Crediting Service or, if not available, to the CDP Cash Ledger. Settlement will occur within seven (7) Business Days after the Offer becomes unconditional.
• Unsettled Buys: If you have purchased shares not yet credited to your account (Unsettled Buy Position), these may be eligible if settlement occurs before the offer closes.
• Rejection: Acceptances may be rejected if forms are incomplete, incorrectly filled, or not properly submitted. Acceptances for shares not credited by the closing date will also be rejected.
• Multiple Acceptances: Shareholders can submit multiple FAA forms for additional holdings if desired.
• Legal & Privacy: By accepting, shareholders authorise CDP to transfer shares and disclose necessary personal and account information to the Offeror and related parties.

Important Items for Shareholders

• Offer Price Sensitivity: The S\$0.72 per share offer represents a premium to the last traded price and could drive significant price movement in Low Keng Huat shares as investors consider the attractiveness of the offer.
• Irrevocability: Once you accept the offer, you cannot withdraw your acceptance unless the offer lapses or is not declared unconditional.
• Blocked Shares: Shares tendered to the offer will be transferred to a “Blocked Balance” and cannot be traded while the offer is open and pending settlement.
• Dividends and Rights: Shares tendered include the right to receive all dividends, rights, and other distributions declared after 28 November 2025 (the Offer Announcement Date).
• Special Handling for CPF/SRS Investors: Acceptances for shares bought with CPF/SRS funds must be submitted via the relevant agent bank or financial institution, not directly to CDP.
• Deceased Account Holders: Executors or administrators must follow specific procedures and provide supporting documents if submitting on behalf of deceased shareholders.
• Foreign Shareholders: Overseas shareholders should be aware that acceptance may be affected by local laws and are advised to consult the offer document and their professional advisers.
• No Acknowledgement: CDP will not provide confirmation of receipt of the FAA; all communications will be sent by ordinary mail at the shareholder’s risk.
• Personal Data Disclosure: By participating, shareholders consent to the use and disclosure of their personal data for the purposes of the offer.

Potential Impact on Share Price

The announcement of a Voluntary Conditional General Offer at S\$0.72 per share is a significant, price-sensitive event. Such corporate actions often lead to increased trading activity and price volatility as investors evaluate the offer’s attractiveness versus the company’s standalone prospects. The premium offered and the possibility of a change in control may also drive speculation regarding future corporate actions, including potential delisting, restructuring, or dividend payouts.

Investors should closely monitor further announcements regarding the acceptance level of the offer and any possible extensions to the closing date. The outcome could have a material impact on the company’s market value and the liquidity of its shares.

Next Steps for Investors

1. Review your shareholding status and determine if your shares are eligible (i.e., credited to the “Free Balance” of your Securities Account).
2. Consult your professional adviser if in doubt, especially if you are an overseas shareholder or acting on behalf of a deceased shareholder.
3. If you wish to accept the offer, submit your FAA electronically or by post before 5.30 p.m. on 14 January 2026.
4. Ensure all forms are properly completed and signed according to the instructions to avoid rejection.
5. Stay updated on SGX announcements for any changes in offer terms, conditions, or timelines.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their own financial, legal, and tax advisers before making any investment or acceptance decisions regarding the offer. The reporter has relied on the information available in the offer materials and does not take responsibility for actions taken by readers based on this article.

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