Voluntary Conditional General Offer for Low Keng Huat (Singapore) Limited: Detailed Investor Update

Key Highlights

• Offer Announcement: A Voluntary Conditional General Offer (“Offer”) has been made by UOB Kay Hian Private Limited (“UOBKH”) on behalf of Consistent Record Pte. Ltd. (“Offeror”) to acquire all issued and paid-up ordinary shares in the capital of Low Keng Huat (Singapore) Limited (“Company”), except those already owned, controlled, or agreed to be acquired by the Offeror as of the offer date.
• Offer Price: The Offeror is offering S\$0.72 in cash per Offer Share. This price could be a premium to recent market prices and is a key data point for investors to assess the attractiveness of the offer.
• Offer Period: The last time and date for acceptance of the Offer is 5:30 p.m. (Singapore time) on 14 January 2026, unless extended by the Offeror.
• Irrevocability: Once shareholders accept the offer by completing and submitting the Form of Acceptance and Transfer (“FAT”), their acceptance is irrevocable except as provided in the Offer Document and The Singapore Code on Take-overs and Mergers.
• Payment Terms: Payment for accepted Offer Shares will be made via bank transfer to the designated account within seven (7) Business Days after the Offer becomes unconditional or after acceptance, depending on timing.
• Transfer Conditions: The Offer Shares must be fully paid and free from all encumbrances, and all rights, benefits, and entitlements (including dividends and distributions from 28 November 2025) will transfer to the Offeror upon acceptance.
• Instructions for Acceptance: Shareholders must complete and sign the FAT and submit it, along with share certificates and relevant documents, to KCK CorpServe Pte. Ltd., either by hand or post, by the deadline.

Important Details for Shareholders

• Eligibility: This offer is for shareholders whose shares are registered in their own name and not deposited with The Central Depository (CDP) during the offer period. Shares held via CDP require a separate Form of Acceptance and Authorisation (FAA).
• Overseas Shareholders: The availability of the Offer to shareholders outside Singapore may be affected by local laws. Overseas shareholders should review the “Overseas Shareholders” section in the Offer Document for further details.
• Handling of Missing Documents: If share certificates are missing, shareholders must procure replacements from the Company and submit required indemnities or declarations to be eligible for the Offer.
• Deceased Shareholders: Special procedures apply if the shareholder is deceased. Personal representatives must provide grant of probate or letters of administration.
• Incorrect Shareholder Details: Discrepancies in name or address on share certificates require statutory declarations or supporting documents (e.g., marriage certificate, deed poll) to be submitted with the FAT.
• Risk of Posting: All documents sent by post are at the shareholder’s own risk. No acknowledgment of receipt will be provided by the Offeror, UOBKH, or the Share Registrar.
• Return of Documents if Offer Lapses: If the Offer does not become unconditional, all documents (including share certificates) will be returned by ordinary post at the shareholder’s risk within 14 days of the Offer lapsing.
• Privacy and Legal: By submitting the FAT, shareholders consent to the use of their personal data for the transaction and compliance with relevant laws.

Potential Price-Sensitive Factors

• Offer Premium: The Offer Price of S\$0.72 per share may represent a premium over recent trading prices, potentially influencing share value and creating arbitrage opportunities for investors.
• Control of the Company: If the Offeror acquires a substantial or controlling interest, this could lead to changes in the Company’s strategic direction, management, or dividend policy, all of which could impact share valuation.
• Conditionality: The Offer is voluntary and conditional. Investors should monitor announcements regarding whether the Offer becomes unconditional, as this will determine if the transaction proceeds and if payments are made.
• Irrevocable Acceptance: Once the FAT is submitted, shareholders cannot withdraw their acceptance except under very limited circumstances, making the decision to accept price-sensitive and important.

Action Steps for Investors

1. Review the Offer Document and FAT instructions thoroughly.
2. Decide whether to accept the Offer at S\$0.72 per share, considering how it compares to recent market prices and your investment strategy.
3. If accepting, complete and sign the FAT, gather all required documents (including share certificates), and submit them by the deadline.
4. For shares held via CDP, request and submit the separate FAA form as required.
5. Monitor further announcements from Consistent Record Pte. Ltd., UOBKH, or Low Keng Huat (Singapore) Limited for updates on the Offer’s status.

Disclaimer

This article is provided for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. Investors should independently verify all information and consult their financial advisers before making any investment decisions. The accuracy and completeness of information herein are not guaranteed, and no liability is accepted for any loss arising from reliance on this article.

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