Unconditional Cash Offer for Sin Heng Heavy Machinery Limited – Key Takeaways for Shareholders

Key Highlights:
TAL United Pte. Ltd. (the “Offeror”) is making an unconditional voluntary cash offer to acquire all the issued and paid-up ordinary shares of Sin Heng Heavy Machinery Limited (the “Company”) [[Page 1]]
The Offer Price is S$0.58 per share [[Page 1]]
The Offer is open for acceptance until 5.30 p.m. (Singapore time) on 30 April 2025 (the “Closing Date”) [[Page 1]]
Shareholders can choose to accept the Offer for all or part of their Offer Shares [[Page 1]]
Shareholders who have purchased Offer Shares on the Singapore Exchange Securities Trading Limited (“SGX-ST”) will need to ensure the “Free Balance” of their Securities Account is credited with such Offer Shares by the Closing Date for their acceptance to be valid [[Page 2, Paragraph 4]]
The Offer is unconditional, and if shareholders accept the Offer, the consideration will be paid within 7 Business Days of the date of receipt of the valid acceptance [[Page 2, Paragraph 14]]
Potential Impact on Share Price:
The Offer Price of S$0.58 per share represents a premium of 20% over the last transacted price of the Offer Shares on the SGX-ST prior to the Offer Announcement Date. This could potentially drive up the share price of Sin Heng Heavy Machinery Limited.
Shareholders are advised to carefully review the Offer Document and the Form of Acceptance and Authorisation (FAA) and seek professional advice if necessary, before making any decision regarding the Offer.
Disclaimer: This article is for informational purposes only and does not constitute any recommendation or solicitation to accept the Offer. Shareholders should consult their stockbrokers, bank managers, solicitors, accountants, tax advisers or other professional advisors if they are in any doubt about the action to be taken.

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