Consistent Record Pte. Ltd. Makes Major Move with Voluntary Conditional General Offer for Low Keng Huat (Singapore) Limited

UOB Kay Hian Private Limited (“UOBKH”), acting for Consistent Record Pte. Ltd., has released a significant announcement detailing the latest developments in its voluntary conditional general offer to acquire all issued and paid-up ordinary shares of Low Keng Huat (Singapore) Limited not already owned, controlled, or agreed to be acquired by the Offeror. This move marks a critical juncture for shareholders and could have substantial impacts on share prices and company control.

Key Points of the Offer

• Offer Price Finalised: The final offer price has been revised to S\$0.78 per share in cash. This represents a concrete bid for all remaining shares and sets a clear valuation benchmark for investors.
• Final Closing Date Extension: The closing date for the offer has been extended to 5.30 p.m. (Singapore time) on 13 February 2026. Shareholders now have a final window in which to tender their shares and consider their options.
• Recent Purchases: On 21 January 2026, the Offeror purchased 403,500 shares at S\$0.78 each, representing approximately 0.05% of the company’s total issued shares.

Current Level of Acceptances & Shareholding Structure

As of 6.00 p.m. on 21 January 2026, the ownership structure is as follows:

• Shares held before the Offer:
  • Offeror: 400,245,345 shares (54.17% of total)
  • Concert Parties: 160,938,752 shares (21.78% of total)
• Shares acquired post-offer announcement:
  • Offeror: 15,797,300 shares (2.14% of total)
  • Concert Parties: 0 shares
• Valid acceptances received:
  • Other Shareholders: 45,337,350 shares (6.14% of total)
  • Concert Parties: 160,938,752 shares (21.78% of total)
• Total shares owned, controlled, or agreed to be acquired by Offeror & Concert Parties (including valid acceptances):
  • 622,318,747 shares, representing 84.23% of the company’s total issued share capital.

Implications for Investors and Shareholders

This offer is highly price-sensitive and could significantly impact the share price of Low Keng Huat (Singapore) Limited. Key considerations for shareholders:

• Offer Price vs. Market Price: The cash offer of S\$0.78 per share establishes a firm value for the shares. If the market price is below this, it may drive shareholders to accept the offer, pushing the share price towards the offer level.
• Possible Compulsory Acquisition: With control of over 84% of the issued shares, the Offeror is close to the threshold that may allow it to compulsorily acquire the remaining shares and potentially delist the company. This is a critical risk for minority shareholders who have not accepted the offer yet.
• Liquidity Risk: As the Offeror and its Concert Parties consolidate control, the free float in the market may diminish, affecting trading liquidity and share price stability.
• Deadline Imminent: The final closing date is 13 February 2026. Shareholders who do not act before this date may be left with illiquid shares or face compulsory acquisition terms.

Important Notices and Forward-Looking Statements

The announcement is careful to note that any statements regarding intentions, strategies, or future outcomes are forward-looking and subject to risks and uncertainties. Actual outcomes may differ materially from expectations. Shareholders are advised not to place undue reliance on these statements and to consider all available information before making investment decisions.

Conclusion

The voluntary conditional general offer by Consistent Record Pte. Ltd. for Low Keng Huat (Singapore) Limited is a major corporate event with the potential to move share prices and fundamentally change the company’s ownership structure. With the offer price firmly set at S\$0.78 and the Offeror nearing full control, shareholders must promptly evaluate their positions and act before the final closing date.

Disclaimer: This article is intended for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any security. Investors should perform their own due diligence and consult with a qualified financial advisor before making any investment decisions. The writer and publisher accept no liability for any losses incurred based on the information contained herein. All forward-looking statements are subject to risks and uncertainties, and actual outcomes may differ materially.

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