Low Keng Huat (Singapore) Limited said on Nov, 28 2025 that Consistent Record Pte. Ltd., through financial adviser UOB Kay Hian Private Limited, will make a voluntary conditional general offer to acquire all shares it does not already own at 0.72 Singapore dollars in cash per share.

The offer values the construction and property group at about 532 million Singapore dollars and represents premiums of 17.1 % to the last traded price of 0.615 Singapore dollars on Nov, 28 2025 and 27.7 % to the six-month volume-weighted average price. Acceptance of the bid is conditional on Consistent Record obtaining at least 90 % of Low Keng Huat’s voting shares, excluding those it already controls.

Consistent Record is a special-purpose vehicle wholly owned by Malaysia-incorporated Consistent Record Sdn. Bhd., which is 75 % controlled by the company’s managing director Dato’ Marco Low Peng Kiat. Parties linked to Low already hold about 54 % of Low Keng Huat.

If the 90 % threshold is reached, the offeror intends to delist Low Keng Huat from the Singapore Exchange and may exercise compulsory acquisition rights over any remaining shares. The bidder cited limited need for equity-market funding, cost savings from eliminating listing expenses and greater operational flexibility as key reasons for the privatisation move. The offer document will be dispatched within 14 to 21 days.