Low also believes that the privatisation will help to save on listing costs, and will enable the company to have more flexibility in navigating the challenging business environment.
The board of directors of Low Keng Huat have appointed ZICO Capital as the independent financial advisor (IFA) in relation to the privatisation offer of the company by Consistency Record.
Consistency Record, which is a special purpose vehicle owned by the managing director of Low Keng Huat, Marco Low Peng Kiat, and his mother Seah Soh Seng, offered 72 cents per share for all the shares in the company on Nov 28.
