Consistent Record Pte. Ltd. Initiates Compulsory Acquisition of Remaining Shares in Low Keng Huat (Singapore) Limited

Key Highlights

• Consistent Record Pte. Ltd. (“Offeror”) has declared its intention to compulsorily acquire all remaining shares of Low Keng Huat (Singapore) Limited (“Company”) not already owned or controlled by the Offeror.
• The Final Offer Price for each share stands at S\$0.78 in cash.
• This action follows the close of a voluntary unconditional general offer, which was declared unconditional in all respects on 5 February 2026 and closed on 13 February 2026.
• Documents relating to the compulsory acquisition, including formal notices (Form 57 and Form 58), have been dispatched to dissenting shareholders.
• The compulsory acquisition is being undertaken pursuant to Section 215(1) of the Companies Act.

Details of the Compulsory Acquisition

UOB Kay Hian Private Limited, acting on behalf of Consistent Record Pte. Ltd., has announced that it is exercising its right under Section 215(1) of the Companies Act to compulsorily acquire all outstanding shares of Low Keng Huat (Singapore) Limited (“Dissenting Shareholders”). The final offer price is S\$0.78 per share in cash.

This follows a series of announcements and communications, including:

• 28 November 2025: Offer announcement for a voluntary conditional general offer.
• 17 December 2025: Issuance of the offer document outlining the terms and conditions.
• 13 January 2026: Revision of the offer price to S\$0.78 and extension of the closing date to 13 February 2026.
• 20 January 2026: Dispatch of the revision notification letter to shareholders.
• 5 February 2026: The offer declared unconditional in all respects, confirming the Offeror’s intention to proceed with compulsory acquisition.
• 13 February 2026: Close of offer and announcement of final acceptances.

Official letters and the relevant statutory forms have been sent to all remaining shareholders who have not accepted the offer. These documents explain the process and the rights of shareholders under Section 215 of the Companies Act, including their ability to require the Offeror to acquire their shares under Section 215(3).

Electronic copies of these documents are available on the SGX-ST website and the Company’s investor relations page.

Implications and Price-Sensitive Information for Shareholders

• Shareholders who have not accepted the offer will have their shares compulsorily acquired at the final offer price of S\$0.78 per share. This is a key price-sensitive event as it effectively sets a floor and ceiling for the share price, given the 100% acquisition.
• No further action is required by dissenting shareholders unless they wish to exercise specific rights under Section 215(3) of the Companies Act, for which they are advised to seek independent legal counsel.
• The Company will likely be delisted from the Singapore Exchange (SGX-ST) following the completion of the compulsory acquisition, which has significant implications for liquidity and future trading.

Actionable Points for Investors

• Investors still holding shares should expect to receive S\$0.78 per share in cash without needing to take further action.
• Those who wish to challenge or seek alternative recourse must act quickly and are strongly encouraged to seek professional advice.
• Any queries regarding this announcement or the offer process can be directed to UOB Kay Hian Private Limited at [email protected].

Forward-Looking Statements

This announcement contains forward-looking statements reflecting the Offeror’s current expectations and assumptions. Actual outcomes may differ due to various risks and uncertainties. Investors should not place undue reliance on these statements as they are not guarantees of future performance.

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 with their own professional advisors before making any investment decisions. All information is based on public disclosures as of the date of the announcement and may be subject to change without notice.

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