Important Information for Shareholders

• Right to Information: Dissenting shareholders have the right, within one month of receiving the notice, to demand a statement listing the names and addresses of all other dissenting shareholders. The transferee must provide this information, and will not be entitled or bound to acquire these shares until 14 days after posting the statement.
• Right to Apply to Court: Dissenting shareholders may apply to the General Division of the High Court, either within one month from the date of the notice (on or before 27 March 2026), or within 14 days of receiving the abovementioned statement, whichever is later, to prevent the compulsory acquisition.
• Completion of Acquisition: If no court application is made, or if the court does not order otherwise, the transferee will be both entitled and bound to acquire all remaining shares at S\$0.78 per share, on the same terms as those accepted by the approving shareholders.
• Important Dates:
  • Offer made: 28 November 2025
  • Offer revised: 13 January 2026
  • 90% acceptance reached: 5 February 2026
  • Notice date: 27 February 2026
  • Deadline to apply to court: 27 March 2026 (or within 14 days of receiving the list of dissenting shareholders)
• Price-Sensitive Information: The offer price of S\$0.78 per share is final for the compulsory acquisition. This is a critical piece of information for investors, as it sets the maximum value for the shares in this transaction.

Potential Share Price Impact

• Share Value Ceiling: With the compulsory acquisition proceeding at S\$0.78 per share, this price is likely to act as a cap for the market valuation of Low Keng Huat (Singapore) Limited shares during this period.
• Delisting Likely: Upon completion of the compulsory acquisition, the company may be delisted from the stock exchange, as all shares will be held by the transferee.
• Immediate Action Required: Dissenting shareholders should promptly consider their options, including accepting the offer, demanding further information, or seeking legal recourse if they wish to challenge the acquisition.

Summary

The compulsory acquisition process under Section 215 of the Companies Act has been triggered for Low Keng Huat (Singapore) Limited, following the successful acceptance of at least 90% of shares by independent shareholders. The final acquisition price is S\$0.78 per share in cash. Dissenting shareholders have limited time to respond or seek legal intervention. The conclusion of this process will likely result in the company being fully owned by Consistent Record Pte. Ltd., and potentially delisted.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult professional advisers and review official company announcements and legal documents before making any investment decisions.

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