Consistent Record Moves Toward Full Control of Low Keng Huat with Compulsory Acquisition

Low Keng Huat Singapore Ltd ( (SG:F1E) ) has provided an announcement.

Consistent Record Pte. Ltd., through financial adviser UOB Kay Hian, has launched a voluntary unconditional general offer to acquire all remaining ordinary shares of Low Keng Huat (Singapore) Limited that it does not already own or control. The offer process has progressed to the stage where documents relating to compulsory acquisition are being despatched to shareholders, following a final revision of the cash offer price to S$0.78 per share and a final extension of the offer closing date, signalling an impending move towards full ownership and potential delisting of the company.

The most recent analyst rating on (SG:F1E) stock is a Hold with a S$0.75 price target. To see the full list of analyst forecasts on Low Keng Huat Singapore Ltd stock, see the SG:F1E Stock Forecast page.

More about Low Keng Huat Singapore Ltd

Low Keng Huat (Singapore) Limited is a Singapore-incorporated company involved in property-related businesses, including property development, construction and investment. Its shares are listed and actively traded in the Singapore market, making it a target for corporate actions by investment vehicles seeking strategic control.

Average Trading Volume: 4,074,623

Technical Sentiment Signal: Buy

Current Market Cap: S$576.3M

For detailed information about F1E stock, go to TipRanks’ Stock Analysis page.