Alpina Holdings proposes privatisation by way of a scheme arrangement

The offer is $0.37 in cash for each share.

Alpina Holdings’ board of directors and K&T Investment announced the proposed privatisation of the company through the acquisition of all shares. The acquisition will be by way of a scheme of arrangement.

The offer made by K&T Investment is $0.37 in cash per share. As announced by the company on 1 September 2025, the record date for the interim dividend is on 11 September 2025, and the interim dividend will be paid on 30 September 2025.

In their bourse filing, it was disclosed that the offer price represents a 19.4% premium over the company’s last-traded price on 1 September, being the last full day when the company’s shares were traded immediately before the announcement date.

K&T Investment is a special purpose vehicle incorporated in Singapore on 28 December 2024 for the acquisition and the scheme. It was set up by Low Siong Yong, the executive chairman and chief executive officer of the company, and Tai Yoon On, the executive director of the company. Low holds a 55% stake in K&T while Tai has the remaining 45%.

As at 3 September, the company has an issued and paid-up share capital of $22.62m comprising 184.34 million shares. It does not hold any shares in treasury.

Low and Tai collectively hold an aggregate of 147.340 million shares, representing approximately 79.93% of the total number of issued shares.

Low indirectly holds 81.037 million shares or 43.96% of the issued shares, while Tai indirectly holds 66.3 million shares or 35.97% of the issued shares.

Low and Tai, through K&T Investment, are undertaking the acquisition with the support of Savills Singapore to build a more resilient business for the group in the face of macroeconomic challenges and headwinds.