Bonvests Holdings Limited (SGX:B28) made an offer to acquire remaining 20.31722% stake in Colex Holdings Limited (Catalist:567) for SGD 0.23 on October 17, 2022. As of January 6, 2023, SGX Regco advised that it has no objection to the Proposed Delisting. As of February 3, 2023, Colex Holdings Limited shareholders approved the transaction.

DBS Bank Ltd. acted as financial advisor to Bonvests Holdings Limited (SGX:B28) and SAC Capital Private Limited acted as financial advisor to Colex Holdings Limited (Catalist:567).