Low Keng Huat (Singapore) Limited: Compulsory Acquisition and Offer Update

Key Points from the Latest Announcement

• Compulsory Acquisition Initiated: Consistent Record Pte. Ltd. (the “Offeror”), through UOB Kay Hian Private Limited, has initiated the compulsory acquisition of all remaining shares in Low Keng Huat (Singapore) Limited (“the Company”) that it does not already own, control, or has agreed to acquire.
• Offer Price Finalised at S\$0.78 per Share: The final offer price is set at S\$0.78 in cash for every share. This price is applicable for all shares compulsorily acquired, as well as those previously tendered in the voluntary offer.
• Offer Declared Unconditional: The offer became unconditional as of 5 February 2026, and the offeror has confirmed its intention to proceed with compulsory acquisition of the remaining shares.
• Offer Period Closed: The offer closed at 5.30 p.m. (Singapore time) on 13 February 2026, and final acceptances have been tallied.
• Dispatch of Compulsory Acquisition Documents: Dissenting shareholders—that is, those who did not accept the offer—have been sent a letter and the necessary statutory forms (Form 57 and Form 58) as required under Section 215 of the Companies Act. These documents explain their rights and the process for the compulsory acquisition.
• No Action Required for Most Dissenting Shareholders: Shareholders who have not accepted the offer and are being compulsorily acquired do not need to take any action regarding Form 58 unless they wish to exercise rights under Section 215(3) of the Companies Act, for which independent legal advice is recommended.

What Shareholders Need to Know

• Final Offer Price May Be Price-Sensitive: The S\$0.78 per share offer price is the final cash consideration shareholders will receive for their shares if they have not already accepted the offer. This price is important for valuation and could impact trading sentiment if it is above or below prevailing market prices.
• Compulsory Acquisition Is Proceeding: All remaining shares not tendered to the offer will be acquired by the Offeror under Section 215(1) of the Companies Act. This means the company will soon be fully owned by Consistent Record Pte. Ltd.
• Shareholders’ Rights and Next Steps: Affected shareholders are being informed of their rights and the process. Importantly, those who wish to challenge or seek alternative remedies under Section 215(3) of the Companies Act should seek their own independent legal advice immediately.
• Trading and Delisting Implications: With the compulsory acquisition underway, it is highly likely that Low Keng Huat (Singapore) Limited’s shares will be delisted from the Singapore Exchange (SGX). Investors should prepare for the cessation of public trading in these shares.
• Availability of Documents: Electronic copies of the compulsory acquisition documents are available on the SGX website and the company’s own investor relations portal.

Investor Considerations and Potential Share Price Impact

The confirmation of the compulsory acquisition and the final offer price of S\$0.78 per share are significant, price-sensitive developments. Investors holding shares should expect their shares to be acquired at this price if they have not sold or submitted them under the offer. The move to full ownership by Consistent Record Pte. Ltd. and the expected delisting of the company will affect the liquidity and tradability of the shares, and could impact investor strategies regarding similar situations in the Singapore market.

Any shareholders who are unsure about their rights or actions to take should consult their stockbroker, solicitor, accountant, or other professional adviser without delay.

Contact for Enquiries

For further information, shareholders and investors can contact UOB Kay Hian Private Limited, Corporate Finance, via email at [email protected].

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Investors should conduct their own due diligence and consult their professional advisers before making any investment decisions. The information herein is based on official company announcements and may be subject to change or updates.

View Low Keng Huat Historical chart here