Consistent Record Pte. Ltd. Revises Offer for Low Keng Huat (Singapore) Limited
Consistent Record Pte. Ltd. Revises Offer Price for Low Keng Huat (Singapore) Limited: Key Details for Investors
UOB Kay Hian Private Limited, acting for Consistent Record Pte. Ltd. (the “Offeror”), has announced a significant update regarding its voluntary conditional general offer to acquire all issued and paid-up ordinary shares in Low Keng Huat (Singapore) Limited (the “Company”) not already owned, controlled, or agreed to be acquired by the Offeror.
Key Highlights from the Announcement
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Revision of Offer Price: The Offer Price has been revised upwards to S\$0.78 in cash per Offer Share. This is now referred to as the Final Offer Price. The revision was officially announced on 13 January 2026.
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Despatch of Written Notification: A formal notification regarding this revised offer price has been sent to shareholders. An electronic version is available on the Singapore Exchange (SGX) website.
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Final Closing Date: The Offer is extended and will close at 5.30 p.m. (Singapore time) on 13 February 2026. The Offeror has stated it does not intend to extend the Offer beyond this date. Acceptances received after this deadline will be rejected.
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Unconditionality and Acceptance: Shareholders who have already accepted the Offer do not need to take further action and will receive the Final Offer Price, subject to the Offer becoming or being declared unconditional in all respects. Those who have not yet accepted but wish to do so must complete and submit the relevant forms by the Final Closing Date.
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Procedures for Acceptance: Shareholders can use the existing acceptance forms sent previously. If the forms are lost or not received, shareholders should contact The Central Depository (CDP) or KCK CorpServe Pte. Ltd. (the Share Registrar) for assistance. Further, electronic acceptance is available for certain shareholders via SGX-ST’s Investor Portal.
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CPFIS and SRS Investors: Investors using CPF Investment Scheme (CPFIS) or Supplementary Retirement Scheme (SRS) must instruct their respective agent banks before the final closing date.
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No Material Change in Information: Other than what has been disclosed in the recent notifications, offer documents, and SGX announcements, there has been no material change in information about the Offeror or the Company since the initial offer announcement on 28 November 2025.
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Overseas Shareholders: There may be restrictions on sending the revision notification to certain jurisdictions. Overseas shareholders are advised to refer to the Offer Document for details.
Important Considerations for Shareholders
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The new Final Offer Price of S\$0.78 per share could have a direct impact on the Company’s share price in the near term, especially as it determines the floor price for the buyout.
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The Offer will not be extended beyond 13 February 2026. This is the final opportunity for shareholders to tender their shares at the revised price.
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Shareholders who have already accepted the offer are eligible for the Final Offer Price without any further action, subject to the Offer becoming unconditional.
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Shareholders who have not yet responded should act promptly if they wish to participate in the offer, as late submissions will be rejected.
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No other material disclosures have been made by the Offeror that could affect the value or assessment of the offer, aside from those in the revision notification, offer documents, and SGX announcements.
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The Offeror’s director has expressly assumed responsibility for the accuracy and completeness of the information provided in the announcement.
Potential Price Sensitivity
The upward revision of the offer price to S\$0.78 per share is a material event that could influence the trading price of Low Keng Huat (Singapore) Limited shares. Investors should closely monitor trading activity and any further disclosures up to the final closing date.
Contact Information
Forward-Looking Statements
The announcement contains forward-looking statements regarding expectations and intentions about the future, which are subject to risks and uncertainties. Actual outcomes could differ materially from those stated.
Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice, an offer, or solicitation of any offer to buy or sell any securities. Investors should conduct their own due diligence and consult their professional advisers before making any investment decisions. The author and publisher do not accept liability for any losses or damages arising from the use of this information.
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