LHT (SGX:BEI) and chief executive officer, Yap Mui Kee, mutually agreed to extend the validity period for the offer to buy the company's assets and business by one month, according to a Tuesday filing with the Singapore Exchange.
The offer remains irrevocable and is subject to the company's acceptance in writing.
This comes after the manufacturer of wooden pallets, boxes and crates received a term sheet from the CEO and controlling shareholder, to purchase the company's operating assets and business undertakings.