Low Keng Huat buyout offer garners 96.88% acceptances

MD Marco Low consolidates 715.79 million shares as privatisation offer closes.

Low Keng Huat (Singapore) Limited’s managing director, Marco Low Peng Kiat, has increased his deemed interest in the company to 96.88% following the close of a voluntary general offer.

Low’s deemed interest rose to approximately 715.79 million shares from 400.25 million shares previously, according to a bourse filing dated 19 February.

The increase of 315.54 million shares was transacted at $0.78 per share.

The change arose after the voluntary conditional general offer made by Consistent Record Pte. Ltd., through UOB Kay Hian Private Limited, turned unconditional on 5 February 2026 and closed on 13 February.

As at the closing date, the offeror owned, controlled or had agreed to acquire 715,788,591 shares, representing approximately 96.88% of the company’s total issued shares of 738,816,000.

The company does not hold any treasury shares.

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