Overview of the Offer

UOB Kay Hian Private Limited (“UOBKH”) has announced, on behalf of Consistent Record Pte. Ltd. (the “Offeror”), a voluntary conditional general offer to acquire all issued and paid-up ordinary shares of Low Keng Huat (Singapore) Limited (“Company”), other than those already owned, controlled, or agreed to be acquired by the Offeror. This offer represents a significant move in the shareholding structure of the Company and could have material implications for shareholders and the future direction of the Company.

Key Offer Terms and Milestones

• Final Offer Price: S\$0.78 in cash for each Offer Share, as revised and announced on 13 January 2026.
• Final Closing Date: 5.30 p.m. (Singapore time) on 13 February 2026.
• Offeror’s Purchases: On 20 January 2026, the Offeror acquired 921,900 Offer Shares on the SGX-ST, representing approximately 0.12% of the Company’s total issued shares, at S\$0.78 per share (excluding fees and taxes).
• Total Shares in Issue: 738,816,000 ordinary shares.

Level of Acceptances & Resultant Shareholding

The Offeror has provided a detailed breakdown of shareholdings and acceptances as of 6.00 p.m. (Singapore time) on 20 January 2026:

• Shares held by Offeror before Offer Announcement: 400,245,345 shares (54.17%)
• Shares held by Concert Parties before Offer Announcement: 160,938,752 shares (21.78%)
• Shares acquired by Offeror post Announcement: 15,393,800 shares (2.08%)
• Valid acceptances from shareholders (excluding Concert Parties): 45,256,350 shares (6.13%)
• Valid acceptances from Concert Parties: 160,938,752 shares (21.78%)
• Total shares now owned, controlled, or agreed to be acquired by Offeror (including acceptances): 621,834,247 shares (84.17%)

Key Implications for Shareholders

• Potential Change in Control: With the Offeror and its concert parties now controlling approximately 84.17% of the Company’s shares, there is a potential for significant changes in management, strategy, and future direction of the Company.
• Price Sensitive Event: The Offeror’s substantial acquisition of shares could lead to changes in the Company’s governance and may trigger further corporate actions, including possible delisting if the Offeror crosses the required thresholds.
• Final Offer Price: The price of S\$0.78 per share is likely to be a benchmark for market valuations and may influence trading activity as the final closing date approaches.
• Deadline for Action: Shareholders who have not yet tendered their shares have until 5.30 p.m. (Singapore time) on 13 February 2026 to act.

Responsibility Statement

The sole director of the Offeror has confirmed that all facts stated and opinions expressed in the announcement are fair and accurate to the best of their knowledge and that no material facts have been omitted that would render the announcement misleading. Information from public sources or the Company has been verified for accuracy.

Forward-Looking Statements & Caution

The announcement contains forward-looking statements regarding expectations, strategies, and intentions for the future. These are subject to known and unknown risks and actual results may differ materially. Shareholders and investors are advised not to place undue reliance on such statements.

Investor Actions & Inquiries

Shareholders are strongly encouraged to review their options and consider the impact of the Offer on their investments. Any inquiries regarding the Offer should be directed to UOB Kay Hian Private Limited Corporate Finance at [email protected].

Conclusion

The voluntary conditional general offer for Low Keng Huat (Singapore) Limited is a major price-sensitive event that may affect share values and the company’s future. The controlling stake acquired by Consistent Record Pte. Ltd. and its concert parties is likely to lead to significant corporate developments. Shareholders should monitor developments closely and seek independent advice if in doubt.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors are advised to review official documents and seek professional advice before making investment decisions. The author and publisher accept no liability for any losses incurred as a result of reliance on the information contained herein.

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