Cenvios Holdings Initiates Compulsory Acquisition of Sen Yue Holdings Shares

Date: 26 March 2026

Cenvios Holdings Pte. Ltd. (“Cenvios Holdings”) has announced a compulsory acquisition of all issued and paid-up ordinary shares in Sen Yue Holdings Limited (“Sen Yue” or “the Company”). This move follows Cenvios Holdings’ voluntary unconditional general offer and is executed under Section 215(1) of the Companies Act 1967 of Singapore, after securing more than 90% of Sen Yue’s shares.

Key Points for Investors

• Offer Acceptance: Shareholders who have already accepted the offer, intend to accept by 14 April 2026 (the Closing Date), or have sold all their shares should disregard this letter and accompanying forms (Form 57 and Form 58).
• Aggregate Holdings: As of 9 March 2026, Cenvios Holdings and its concert parties owned or controlled 92.47% of Sen Yue’s shares (2,994,186,246 shares).
• Compulsory Acquisition: With more than 90% control, Cenvios Holdings will compulsorily acquire remaining shares from dissenting shareholders at S\$0.008 per share—cash consideration only.
• Transfer Date: The compulsory acquisition will occur on or after 27 April 2026, more than one month after the issuance of Form 57.
• Settlement Process:
  • For shares held with CDP: Payment will be credited directly to registered bank accounts (via DCS) or into the Cash Ledger, as per CDP terms.
  • For shares not with CDP: B.A.C.S. Private Limited will send a cheque by ordinary post to the address registered with the Company.

  No action is required by shareholders to receive payment.

• Section 215(3) Rights: Shareholders who have not accepted the offer still have the right to require Cenvios Holdings to acquire their shares within three months of Form 58 (by 26 June 2026), at the same offer terms. However, since the compulsory acquisition is proceeding, no action is needed unless shareholders wish to exercise this right or seek independent advice.

Material Events Affecting Share Value

• Delisting and Trading Suspension: The public float has fallen below 10%. Trading of Sen Yue shares will be suspended upon the close of the offer, and the Company will be delisted from SGX-ST after the compulsory acquisition. Investors should be aware that liquidity and trading opportunities will cease, and the only exit is via the cash offer.
• Offer Price: The acquisition price is fixed at S\$0.008 per share. This is a price-sensitive detail and may affect the valuation and final returns for remaining shareholders.
• Free Float Requirement: As the free float is no longer satisfied, Cenvios Holdings will not preserve the listing status nor support any action to lift trading suspension.

Investor Action and Advice

• No action is necessary for payment if you are a dissenting shareholder. Cenvios Holdings will handle the transfer and payment process.
• Shareholders can still exercise their rights under Section 215(3) if they wish, but this is redundant given the compulsory acquisition.
• Seek professional advice if there is uncertainty or if you wish to contest or clarify any aspect of the acquisition.

Director’s Responsibility Statement

The Director of Cenvios Holdings states that all facts and opinions expressed are fair and accurate, and no material facts have been omitted. Information extracted from public sources has been verified for accuracy.

Conclusion

This compulsory acquisition and impending delisting represent a major corporate event for Sen Yue Holdings. The fixed acquisition price and the loss of public trading status are highly price-sensitive and will impact the remaining shareholders. Investors must act before the deadlines if they wish to accept the offer or exercise statutory rights.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own professional advisors before making any decisions based on this information.

View Sen Yue Historical chart here