AFG Investment updates concert-party holdings for AF Global takeover plan

SGX Filings
Mar 04

AFG Investment Pte. Ltd. and AF Global Limited released a joint statement on Mar, 04 2026 detailing updated shareholdings of certain concert parties involved in AFG Investment’s proposed acquisition of all AF Global ordinary shares not already held by Aspial Corporation Limited and Mr. Koh Wee Meng.

The addendum revises direct and deemed interests for Ms. Ko Lee Meng and Mr. Koh Kian Soo, without altering the overall aggregate stake—81.0 million shares—controlled by concert parties who will abstain from voting on the scheme of arrangement. The total combined interest of AFG Investment and its concert parties remains unchanged.

The takeover, first announced on Oct, 08 2025 and detailed in a revised scheme document issued on Feb, 23 2026, will proceed via a Section 210 scheme of arrangement under Singapore law.

Both boards affirmed that the corrections do not affect the terms of the proposed acquisition. AFG Investment is being advised by DBS Bank Ltd., which is fielding investor queries.

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