As at the date of this announcement, Consistency Record does not hold any shares in Low Keng Huat. However, Low himself has a direct interest of 300,000 shares or about 0.04% of the total number of shares in the company.
The managing director of the company Low Keng Huat, Marco Low Peng Kiat, is making a voluntary conditional general offer for all the shares in the company at 72 cents per share.
Low is offering to take his company private through a special purpose vehicle incorporated in Singapore in July, known as Consistency Record. Low and his mother, Seah Soh Seng, each hold 75% and 25% of the shares in Consistency Record.
