Low Keng Huat (Singapore) (SGX:F1E) appointed ZICO Capital as an independent financial advisor to guide the board on a takeover offer for all its shares, according to a Friday filing with the Singapore Exchange.
The move comes after the company's controlling shareholder, Consistent Record, launched a general offer to acquire all shares of the company not already owned or controlled by the offeror at SG$0.72 per share.
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