Mdm Ng Chui Hwa agreed to acquire an additional 30.7% stake in MS Holdings Limited (Catalist:40U) for SGD 3.56 million on October 3, 2022. Under the terms, additional 30.7% stake will be acquire for SGD 0.070 per share. Kingswin Investment Pte. Ltd. intends to make the Offer with a view to delisting and privatizing the MS Holdings. The transaction is expected to close on November 18, 2022. As per terms of the deal, if the offeror receives valid acceptances pursuant to the offer in respect of not less than 90% of the total number of issued shares then the offeror would be entitled to exercise the right to compulsorily acquire all the remaining shares at a price equal to the offer Price. As per the transaction, offer will remain open for a period not less than 14 days after the date on which the offer would otherwise have closed. RHB Bank Berhad acted as a financial advisor to Mdm Ng Chui Hwa. Xandar Capital Pte. Ltd. acted as financial advisor to MS Holdings Limited.

Mdm Ng Chui Hwa completed the acquisition of the additional 30.7% stake in MS Holdings Limited (Catalist:40U) on December 2, 2022.