Major Developments in Voluntary Offer for Low Keng Huat (Singapore) Limited

UOB Kay Hian Private Limited (“UOBKH”) has released a significant announcement on behalf of Consistent Record Pte. Ltd. regarding a voluntary conditional general offer for all issued ordinary shares of Low Keng Huat (Singapore) Limited, excluding those already owned, controlled, or agreed to be acquired by the Offeror.

Key Points Investors Must Know

• Final Offer Price: The offer price has been finalised at S\$0.78 per share, payable in cash. This revision was announced on 13 January 2026 and confirmed in a written notification to shareholders on 20 January 2026.
• Final Closing Date: The closing date for the offer has been extended to 5.30 p.m. (Singapore time) on 13 February 2026. This is the last opportunity for shareholders to tender their shares under the offer.
• Substantial Share Acquisitions: On 22 January 2026, the Offeror purchased 58,644,800 shares on the SGX-ST at S\$0.78 per share, amounting to approximately 7.94% of the total issued shares of the company.
• Current Level of Acceptances: As of 6.00 p.m. (Singapore time) on 22 January 2026, the Offeror and its concert parties collectively own, control, or have agreed to acquire 681,106,547 shares, representing a substantial 92.19% of the company’s issued share capital.
• Concert Parties: Both the Offeror and its concert parties have been acquiring shares. Notably, concert parties have also submitted valid acceptances of the offer, further increasing the Offeror’s stake.

Critical Information for Shareholders

• Potential Delisting: With the Offeror now controlling over 90% of the shares, there is a strong possibility that Low Keng Huat (Singapore) Limited may be delisted from SGX-ST should the Offeror exercise its right of compulsory acquisition. Shareholders who do not accept the offer may find themselves holding shares in an unlisted entity, which could impact liquidity and future exit opportunities.
• Offer Price Implications: The final offer price of S\$0.78 per share is now the benchmark for any remaining shares. If the current market price is below this level, the offer represents a premium and could influence share price movements in the short term.
• Deadline for Acceptance: Shareholders need to act before 13 February 2026 to accept the offer. Post this date, the opportunity to tender shares at S\$0.78 will cease.
• Responsibility Statement: The Offeror’s sole director has confirmed that all facts and opinions presented in the announcement are accurate, and any information extracted from the company or public sources has been verified for correctness.
• Forward-Looking Statements: The announcement contains forward-looking statements about future actions, which are subject to risks and uncertainties. Actual outcomes may differ materially from these projections.

Potential Impact on Share Price

• The high acceptance level (92.19%) makes it highly likely that the Offeror will gain full control and possibly delist the company. This is a major corporate event that can significantly move the share price.
• The offer price of S\$0.78 per share sets a clear value for the company, and the large recent acquisition at this price provides price support and signals confidence in the valuation.
• The deadline (13 February 2026) is a critical date for shareholders to make their decisions.

Action Items for Investors

• Review the offer terms and assess whether to accept the S\$0.78 per share offer before the closing date.
• Consider implications if the company is delisted and you remain a shareholder.
• Monitor market developments and future announcements for any changes in terms or process.

Contact Information

For further inquiries regarding this offer, shareholders can contact UOB Kay Hian Private Limited, Corporate Finance, at [email protected].

Disclaimer

This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should consult their financial advisers before making any investment decisions. The information herein is based on the latest announcement as of 22 January 2026 and may be subject to change. Forward-looking statements are not guarantees of future performance and actual results may differ materially.

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