CosmoSteel board says 3HA’s revised offer ‘fair and reasonable’

3HA Capital Private’s final offer is $0.25 per share, a 25% increase from the initial offer.

CosmoSteel Holdings Limited’s board of directors said that 3HA Capital Private’s revised takeover offer for the company is “fair and reasonable.”

3HA Capital Private— through Evolve Capital Advisory— had earlier made a voluntary conditional cash offer for all issued and paid-up ordinary shares of Cosmosteel Holdings Limited, according to a bourse filing.

On 23 June, 3HA Capital Private announced a final offer of S$0.25 in cash for each share.

The final offer price is a S$0.05 or 25% increase over the initial offer price. It is also higher than the highest closing price of Cosmosteel Holdings’ shares in the past 10 years.

Cosmosteel Holding’s last transacted price per share on 23 June 2025 is $0.225.

Closing date for the offer is extended to 14 July 2025.

Cosmosteel Holdings is an investment holding company, which sources and distributes piping system components in Singapore, Brunei, Vietnam, and internationally.