Low Keng Huat was founded back in 1969 and was listed on March 9 1992. It was a building contractor but is more active in recent years with its property investments, holding assets such as the retail units of Paya Lebar Square.
Zico Capital, independent financial advisor to the privatisation of Low Keng Huat (Singapore), believes that the 72 cents per share offer is "not fair" but "reasonable" and is recommending shareholders to accept the offer.
The offer by the company's managing director Marco Low Peng Kiat and his mother Seah Soh Seng was tabled on Nov 28 and will close on Jan 14.
