Yong Seong Investment Pte. Ltd., Lee Koh Yong, Lee Cheng Chye, Lee Hock Seong, Lee Kim Eng, Lee Thiam Seng, Lee Chuan Heng along with the funds and accounts managed by KKR Credit Advisors (US) LLC made an offer to acquire remaining 22.4% stake in 800 Super Holdings Limited (Catalist:5TG) for SGD 36 million on May 6, 2019. Lee Koh Yong and Lee Cheng Chye are Executive Directors of 800 Super Holdings, Lee Hock Seong, Lee Kim Eng, Lee Thiam Seng, Lee Chuan Heng are key management personnel of 800 Super Holdings. Lee Koh Yong, Lee Cheng Chye, Lee Hock Seong, Lee Kim Eng, Lee Thiam Seng and Lee Chuan Heng are siblings. The offerors will acquire the shares at SGD 0.9 per share in cash. The transaction will be funded through hybrid combination of fixed rate bonds due 2023 bonds and issuance of 22.2 million convertible preference shares from pools of capital including KKR’s Private Credit Opportunities II fund and proprietary investment vehicles. The offerors intend to make 800 Super Holdings Limited a wholly-owned subsidiary and do not intend to preserve the listing status of 800 Super Holdings Limited and when entitled, intend to exercise their rights of compulsory acquisition. The offer will be conditional upon the offerors having received, by the close of the offer, valid acceptances in respect of such number of offer shares which, together with the shares owned, controlled or agreed to be acquired by the offerors and parties acting in concert with them either before or during the offer and pursuant to the offer or otherwise, will result in the offerors and parties acting in concert with them holding such number of shares carrying not less than 90% of the total voting rights of 800 Super Holdings attributable to the shares as at the close of the offer. As of June 17, 2019, the offerors have received valid acceptances amounting to 162.4 million shares of 800 Super holdings representing 90.82%, which include acceptances received from the parties acting in concert with the offerors. The offer has become unconditional in all respects on June 17, 2019 and the offerors will compulsorily acquire the remaining shares at the offer price for each remaining share. The offer will close on June 24, 2019. As of June 17, 2019, the offer closing date is extended to July 8, 2019. RHB Securities Singapore Pte. Ltd. acted as financial advisor and WongPartnership LLP acted as legal advisor for KKR Credit Advisors (US) LLC. As of May 14, 2019, the Board of 800 Super Holdings Limited appointed Novus Corporate Finance Pte Ltd as the financial advisor to advise the independent Directors of 800 Super Holdings Limited. Tricor Barbinder Share Registration Services acted as registrar for 800 Super Holdings Limited. Yong Seong Investment Pte. Ltd., Lee Koh Yong, Lee Cheng Chye, Lee Hock Seong, Lee Kim Eng, Lee Thiam Seng, Lee Chuan Heng along with the funds and accounts managed by KKR Credit Advisors (US) LLC completed the acquisition of remaining 22.4% stake in 800 Super Holdings Limited (Catalist:5TG) on July 8, 2019. The offer closed on July 8, 2019 with valid acceptances of 33.28 million shares. The stake owned by offerors reached 96.24%. The offerors intend to exercise their right of compulsory acquisition under Section 215(1) of the Companies Act. and take steps to delist 800 Super Holdings Limited from the SGX-ST following the close of the offer. As of August 22, 2019, the securities of 800 Super Holdings Limited will be delisted on August 26, 2019. As of August 23, 2019, the offerors completed the exercise of their right of compulsory acquisition.