Consistent Record Pte. Ltd. Completes Compulsory Acquisition of Low Keng Huat (Singapore) Limited

Key Highlights

• Consistent Record Pte. Ltd. has completed the compulsory acquisition of all remaining shares in Low Keng Huat (Singapore) Limited (“LKHS”) at S\$0.78 per share in cash.
• Low Keng Huat (Singapore) Limited will be delisted from the SGX-ST with effect from 9.00 a.m. on 7 April 2026.
• All remaining shareholders who did not accept the earlier general offer (“Dissenting Shareholders”) have had their shares acquired and have been paid the Final Offer Price of S\$0.78 per share.

Detailed Timeline and Offer Process

The offer process began with an announcement on 28 November 2025 regarding a voluntary conditional general offer for all issued ordinary shares in LKHS, excluding those already owned, controlled, or agreed to be acquired by Consistent Record Pte. Ltd. (“the Offeror”). The offer document was issued on 17 December 2025, detailing the terms and conditions of the offer.

On 13 January 2026, the Offer Price was revised upwards to S\$0.78 per share, and the final closing date for the offer was set for 13 February 2026. This revision was formally notified to shareholders on 20 January 2026.

Following the close of the offer and with the Offer being declared unconditional in all respects, the Offeror announced its intention to exercise its right of compulsory acquisition under Section 215(1) of the Companies Act. Relevant legal notices were sent to Dissenting Shareholders, and payment arrangements for the acquisition of their shares were made.

The compulsory acquisition was effectively completed on 6 April 2026, with the transfer of shares and payment to Dissenting Shareholders finalized. Subsequently, LKHS will be delisted from the Official List of the SGX-ST on 7 April 2026.

Key Points for Shareholders and Investors

• Shareholders who did not accept the initial voluntary offer will have their shares acquired compulsorily at the final price of S\$0.78 per share, with payment already dispatched.
• LKHS shares will no longer be tradable on SGX-ST from 7 April 2026, which means the company will become privately held and existing public investors will not be able to trade its shares on the open market thereafter.
• This event marks the end of LKHS as a listed entity, and all remaining minority shareholders are being paid out at the same price as the final offer.
• There are no further corporate actions or additional offer price increases expected. The process is now complete and final.

Potential Impact on Share Value

The completion of the compulsory acquisition and subsequent delisting of LKHS is a material event. Investors should note:

• There is no further upside or downside risk from LKHS shares for public investors, as all shares have now been acquired by Consistent Record Pte. Ltd. at S\$0.78 per share.
• Delisting means that LKHS will no longer be a publicly-traded security, and the market value will be fixed at the acquisition price for all remaining shares.

Important Notices

Shareholders and investors are reminded that all statements other than those of historical facts in the announcements may be forward-looking and involve risks and uncertainties. Actual outcomes may differ from any forward-looking statements made.

Contact Information

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

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence or consult with a professional financial adviser regarding their investment decisions. The information is based on announcements and documents released as of 6 April 2026, and no responsibility is accepted for errors or omissions or for any action taken in reliance thereon.

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