BCS Development offers S$0.17 a share to buy out OTS Holdings via scheme of arrangement

• BCS Development proposed to acquire OTS Holdings via a scheme of arrangement, excluding shares already held by the offeror.
• Cash consideration set at S$ 0.17 for each scheme share.
• BCS Development already owns 161,924,670 shares, representing 75.67% of OTS Holdings’ 214,000,000 shares outstanding.
• Managing Director Ong Bee Chip, Executive Director Ong Chew Yong to roll over 11,862,503 shares into BCS Development at S$ 0.17 per share.
• Transaction aims to privatise OTS Holdings, followed by delisting from SGX’s Catalist board once the scheme becomes effective.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OTS Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: HDUKZHFFZU9CDKKU) on September 08, 2026, and is solely responsible for the information contained therein.