CosmoSteel receives cash offer from 3HA Capital via Evolve

The offer is set to close at 5:30 p.m. on 3 July 2025, unless an extension is announced.

CosmoSteel Holdings Limited has received a voluntary conditional cash offer from 3HA Capital Private Limited for all its issued and paid-up ordinary shares.

The offer is being made through Evolve Capital Advisory and falls under Section 139 of the Securities and Futures Act and Rule 15 of the Singapore Code on Take-overs and Mergers.

The offer is set to close at 5:30 p.m. on 3 July 2025, unless an extension is announced.

The Offeree Circular includes the advice of the Independent Financial Adviser (IFA), Asian Corporate Advisors Pte. Ltd., to the Independent Directors of the company. It also outlines the recommendation of the Independent Directors on how shareholders should respond to the offer.

In line with ongoing regulatory guidance from the Monetary Authority of Singapore, the Securities Industry Council, and SGX RegCo, the Offeree Circular has been disseminated electronically.

CosmoSteel’s Board has urged shareholders to read the Offeree Circular in full and pay close attention to both the IFA’s advice and the Board’s recommendation. Shareholders uncertain about their next steps are encouraged to seek guidance from professional advisers.

The Board emphasised that it has taken reasonable care to ensure the accuracy of all information presented, excluding content originating directly from the Offeror. The company has verified the correct extraction of any such third-party information.