Cenvios Holdings to Acquire All Remaining Shares in Sen Yue Holdings; Compulsory Acquisition and Imminent Delisting Announced

Key Developments in the Takeover of Sen Yue Holdings Limited

In a major corporate update, ZICO Capital Pte. Ltd., acting on behalf of Cenvios Holdings Pte. Ltd. (the “Offeror”), has officially exercised its right of compulsory acquisition to acquire all remaining shares of Sen Yue Holdings Limited not already owned, controlled, or agreed to be acquired by the Offeror. This move marks the final phase of a voluntary unconditional general offer initiated in February 2026.

Highlights for Investors

• Compulsory Acquisition Exercised: On 27 April 2026, Cenvios Holdings exercised its right under Section 215(1) of the Singapore Companies Act to compulsorily acquire all shares held by shareholders who have not accepted the Offer. This includes all outstanding ordinary shares at S\$0.008 in cash per share.
• Settlement Details: Payment for the compulsorily acquired shares will be made as follows:
  • For shareholders with shares deposited in CDP and registered for DCS (Direct Crediting Service), the cash consideration will be credited directly to their designated bank accounts.
  • For those without DCS, funds will be credited to their CDP Cash Ledger.
  • Shareholders holding shares outside CDP will receive a cheque sent by post to their registered address.
• Imminent Delisting: Upon completion of the compulsory acquisition, Cenvios Holdings will own 100% of Sen Yue Holdings Limited. The company will be delisted from the Catalist board of the Singapore Exchange Securities Trading Limited (SGX-ST). The exact date and time of delisting will be announced by the company.
• Final Offer and Acceptance Levels: The Offeror has received acceptances representing at least 90% of total shares, triggering the right to compulsory acquisition and the subsequent delisting process.

Important Considerations for Shareholders

• Action for Dissenting Shareholders: Shareholders who did not accept the voluntary offer (“Dissenting Shareholders”) will have their shares acquired at S\$0.008 per share. They will receive their cash consideration automatically as described above.
• Price Sensitivity: The acquisition price of S\$0.008 per share is final and will be the settlement amount for all remaining shares. As the company will be delisted, there will be no further trading of shares on SGX-ST after the delisting date.
• Loss of Free Float and Delisting Risk: The acquisition and delisting mean that shareholders who do not act promptly may have limited ability to trade or transfer their shares once delisting occurs. All remaining value will be crystallized at the offer price.
• Risk of Non-Delivery: Payment to physical shareholders will be made by cheque sent via ordinary post, which carries the usual risks associated with mail delivery.

Summary and Implications

This development marks the conclusion of Cenvios Holdings’ takeover bid for Sen Yue Holdings Limited. With the compulsory acquisition and imminent delisting, all existing shareholders will be bought out at S\$0.008 per share. This is a price-sensitive event as it establishes a final exit price and removes any future upside from continued listing or operations of Sen Yue Holdings on the Catalist board.

Investors should note the finality of this action and expect payment in accordance with the procedures outlined. No further trading opportunities or corporate actions will be available once the delisting is completed.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult their financial advisors regarding their specific circumstances. All information is based on official announcements as at 27 April 2026, and future developments may affect outcomes.

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