Consistent Record Pte. Ltd. Voluntary Conditional General Offer for Low Keng Huat (Singapore) Limited – Key Developments
Consistent Record Pte. Ltd. Makes Voluntary Conditional General Offer for Low Keng Huat (Singapore) Limited
Key Points from the Latest Dealings Disclosure and Level of Acceptances
Consistent Record Pte. Ltd. (“Offeror”), through UOB Kay Hian Private Limited (“UOBKH”), has provided a comprehensive update on its voluntary conditional general offer to acquire all issued and paid-up ordinary shares in Low Keng Huat (Singapore) Limited (“Company”) not already owned, controlled, or agreed to be acquired by the Offeror.
Important Developments Announced
- Revised Offer Price: The final offer price has been increased to S\$0.78 in cash per share. This upward revision is a significant price-sensitive update and may impact the valuation of the Company’s shares going forward.
- Final Extension of Closing Date: The closing date for the offer has been extended to 5.30 p.m. (Singapore time) on 13 February 2026. This gives shareholders additional time to decide on accepting the offer at the revised price.
- Recent Share Purchases: On 28 January 2026, the Offeror purchased an additional 511,300 shares at S\$0.78 per share, representing approximately 0.07% of the total issued shares of the Company.
Level of Acceptances & Resultant Shareholding
As at 6.00 p.m. (Singapore time) on 28 January 2026, the following shareholding positions were disclosed:
| Shareholder Group |
Number of Shares |
% of Total Issued Shares |
| Offeror (immediately before Offer Announcement) |
400,245,345 |
54.17% |
| Concert Parties (immediately before Offer Announcement) |
160,938,752 |
21.78% |
| Shares acquired by Offeror (post Announcement, excl. valid acceptances) |
78,984,700 |
10.69% |
| Valid acceptances from shareholders (other than Concert Parties) |
58,805,708 |
7.96% |
| Valid acceptances from Concert Parties |
160,938,752 |
21.78% |
| Total shares owned/controlled/agreed to be acquired by Offeror (incl. valid acceptances) |
698,974,505 |
94.61% |
Implications for Shareholders
- Offeror’s Control: With 94.61% of the Company’s shares now owned, controlled, or agreed to be acquired by the Offeror (including valid acceptances), the Offeror is close to achieving full control of Low Keng Huat (Singapore) Limited. This could lead to potential compulsory acquisition of the remaining shares and possible delisting of the Company.
- Key Decision Point for Remaining Shareholders: Minority shareholders are strongly advised to consider the revised offer price and the high level of acceptances. The opportunity to exit at S\$0.78 per share may soon close, and those who do not accept may face liquidity issues if the Company is delisted.
- Price Sensitivity: The revised offer price and high acceptance level are both price-sensitive disclosures. The share price may react to these developments, especially as the offer nears its final closing date.
Responsibility Statement
The Offeror’s sole director has confirmed that all facts and opinions in the announcement are fair and accurate, and accepts responsibility for the information provided. Where information is based on publicly available sources or from the Company, the director has ensured its accuracy through reasonable enquiries.
Forward-Looking Statements
The announcement contains forward-looking statements reflecting the Offeror’s expectations, beliefs, and intentions. Actual results could differ materially from those expressed due to various risks and uncertainties. Shareholders and investors should not place undue reliance on these statements.
Conclusion
This is a highly material development for Low Keng Huat (Singapore) Limited shareholders: The revised offer price, the very high level of acceptances, and the likelihood of the Offeror achieving full control could have a significant impact on the share price and future status of the Company. All shareholders should review their positions and consider the implications before the final closing date.
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 own advisors and consider their personal circumstances before making any investment decisions. The information is based on public announcements and may be subject to change.
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