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

Key Points Investors Must Know

• Consistent Record Pte. Ltd., via UOB Kay Hian Private Limited, has made a voluntary conditional general offer to acquire all ordinary shares of Low Keng Huat (Singapore) Limited, except those already held or agreed to be acquired by the Offeror.
• Final Offer Price Revised to S\$0.78 per Share: The Offeror has revised the offer price for each share to S\$0.78 in cash, which is a crucial detail for shareholders considering whether to accept the offer.
• Offer Closing Date Extension: The final closing date for the offer has been extended to 5:30 p.m. (Singapore time) on 13 February 2026, giving shareholders more time to respond.
• Recent Acquisitions: On 27 January 2026, the Offeror acquired 522,400 shares on the SGX-ST at S\$0.78 per share, representing approximately 0.07% of the company’s total issued shares.

Latest Developments & Acceptances

As of 6:00 p.m. on 27 January 2026, the aggregate shareholding by the Offeror and its concert parties has reached 94.18% of the company’s total issued shares. This total includes shares already held, those acquired post-offer announcement, and valid acceptances received.

Detailed Shareholding Breakdown:

• Offeror’s Holdings Before Offer Announcement: 400,245,345 shares (54.17%)
• Concert Parties’ Holdings Before Offer Announcement: 160,938,752 shares (21.78%)
• Shares Acquired by Offeror Post-Announcement: 78,473,400 shares (10.62%)
• Valid Acceptances from Other Shareholders: 56,147,908 shares (7.60%)
• Valid Acceptances from Concert Parties: 160,938,752 shares (21.78%)
• Total Shares Owned, Controlled, or Agreed to Be Acquired (including acceptances): 695,805,405 shares (94.18%)

What Does This Mean for Shareholders?

• Potential Delisting: With the Offeror and its concert parties controlling over 94% of the shares, the threshold for potential compulsory acquisition and delisting is close. Shareholders who have not yet tendered their shares should consider the implications, particularly regarding liquidity and ability to trade shares post-offer.
• Price Sensitivity: The final offer price of S\$0.78 per share is a critical factor. Investors should compare this against recent market prices and the company’s fundamental value before making a decision.
• Last Opportunity to Tender Shares: The final closing date is 13 February 2026 at 5:30 p.m. (Singapore time). Any remaining shareholders must act before this deadline to participate in the offer.
• Concert Parties’ Acceptances: It is noted that acceptances from concert parties may still be pending verification; this could have minor implications for the final shareholding numbers.

Responsibility Statement & Forward-Looking Information

The sole director of the Offeror has taken reasonable care to ensure that the facts in the announcement are accurate and no material facts have been omitted. Investors are reminded that some statements are forward-looking and subject to risks, uncertainties, and changes. Actual outcomes may differ materially from those anticipated.

Investor Actions & Inquiries

Shareholders with questions regarding the offer or needing further information are encouraged to contact UOB Kay Hian Private Limited Corporate Finance at [email protected].

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should consult their own financial advisors and consider their own circumstances before making any investment decisions. The information herein is based on the latest available data as of 27 January 2026 and subject to change. Forward-looking statements are not guarantees of future performance; actual results may differ materially.

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