<div id="readability-page-1"><div>[SINGAPORE] The majority shareholders of Low Keng Huat (Singapore) (LKH) has launched a voluntary conditional general offer to take the mainboard-listed construction and property developer private at S$0.72 per share.The offer is being made through a special purpose vehicle, Consistent Record Pte Ltd, which is effectively controlled by managing director Marco Low Peng Kiat and his family. The cash offer price of S$0.72 represents a premium of 17.1 per cent over the last transacted price of S$0.615 on Nov 28, 2025, the last full trading day prior to the announcement. It also represents a premium of 45.2 per cent over the volume-weighted average price for the 24-month period up to the last trading date, the release read. The offer is conditional upon Low receiving acceptances that would result in it holding not less than 90 per cent of the total voting rights, excluding shares held by the offeror and its concert parties.As at the announcement date, Low has a deemed interest of about 54.13 per cent of the company’s total shares.The offer announcement said the company has no need for access to equity capital markets. LKH has not raised any funds from the Singapore equity capital markets since a rights issue in 2007.“The offeror is of the view that the company is unlikely to require access to the Singapore equity capital markets in the foreseeable future,” the announcement read, noting that funding needs can be met through bank borrowings and debt financing.Low intends to delist the company to save on compliance costs and gain greater flexibility to manage the business amidst a “challenging macro and operating environment”.The formal offer document will be dispatched to shareholders between 14 and 21 days from the announcement date of Nov 28, 2025.</div></div>

刘景发

刘景发的控股股东已发起自愿要约，以每股 0.72 新元的价格退市，较最后价格溢价 17.1%。该要约通过 Consistent Record Pte Ltd 进行，需获得 90% 的投票权接受。公司旨在节省合规成本，并在严峻的环境中管理业务灵活性。正式要约文件将在 2025 年 11 月 28 日起的 14-21 天内发送给股东

刘景发的控股股东以每股 0.72 新加坡元的价格发起退市要约