Oei Siu Hoa @ Sukmawati Widjaja made a voluntary conditional cash offer to acquire the remaining 13.23% stake in Top Global Limited (SGX:BHO) from Hano Maeloa and others for SGD 16.6 million on April 30, 2021. Under the term, Oei Siu Hoa @ Sukmawati Widjaja will pay SGD 0.39 per share in cash. The offer is subject to Oei Siu Hoa @ Sukmawati Widjaja receiving valid acceptances of the offer in respect of not less than 90% of the total number of shares. Top Global will be delisted upon an announcement by the Offeror that acceptances have been received pursuant to the offer that bring the holdings of shares owned by the offeror and parties acting in concert with it to above 90% of the total number of shares and the offeror would be entitled to exercise the right to compulsorily acquire all the Shares from Shareholders who have not accepted the Offer. The offer is expected to close on June 14, 2021. The Offer commenced on May 17, 2021. As of May 24, 2021, Oei Siu Hoa @ Sukmawati Widjaja received valid acceptance and total holding became more than 90% and hence offer became unconditional and will close on June 28, 2021. As of May 31, 2021, the offer will close on June 14, 2021. As of May 7, 2021, The Board of Directors of Top Global Limited appointed Stirling Coleman Capital Limited as the independent financial advisor. CIMB Bank Berhad, Singapore Branch acted as the financial advisor to Oei Siu Hoa @ Sukmawati Widjaja. Tricor Barbinder Share Registration Services acted as a registrar to Top Global Limited. Stirling Coleman Capital Limited advised the Independent Directors to recommend that Shareholders ACCEPT the Offer and Independent Directors recommended the same to the shareholders of Top Global. Oei Siu Hoa @ Sukmawati Widjaja completed the acquisition of the remaining 13.23% stake in Top Global Limited (SGX:BHO) from Hano Maeloa and others on June 28, 2021. Post completion total number of Shares acquired by the Offeror and parties acting in concert with the valid acceptances of the Offer, amount to an aggregate of 309,958,672 Shares, representing approximately 96.45% stake. Offeror had also stated its intention to exercise its right of Compulsory Acquisition and intention for Top Global Limited to be subsequently delisted. Taking into consideration the Offeror’s intention to exercise its right to the Compulsory Acquisition, the SGX-ST has no objection to the delisting of Top Global Limited from the Official List of the SGX-ST, subject to (i) the completion of the Compulsory Acquisition; and (ii) an announcement via SGXNet of the SGX-ST's decision.