Song Wuying made a voluntary conditional cash offer to acquire SunVic Chemical Holdings Limited (SGX:A7S) for SGD 14.9 million on November 20, 2020. Song Wuying will acquire 532 million shares of SunVic Chemical Holdings Limited at an offer per price of SGD 0.028 per share in cash. Song Wuying has sufficient financial resources to fund the transaction. If Song Wuying receives valid acceptances pursuant to the offer in respect of not less than 90% of the total number of issued shares, the offeror would be entitled to exercise the right to compulsorily acquire all the shares of shareholders who have not accepted the offer at a price equal to the offer price. Song Wuying will then proceed to delist SunVic Chemical Holdings Limited from SGX-ST. Song Wuying intends to make the offer with a view to delisting and privatizing SunVic Chemical Holdings Limited. The offer is conditional upon minimum acceptance condition. As of December 23, 2020, Board of Directors of SunVic recommended the shareholders to vote in favor of the transaction. As on January 18, 2021, the Minimum Acceptance Condition has been satisfied and offer is declared unconditional. The Offeror has received valid acceptances of the offer in respect of an aggregate of 428.57 million shares, representing 80.56% stake of the SunVic Chemical. As of February 9, 2021, Offeror has received valid acceptances of the offer in respect of an aggregate of 485.5 million shares, representing 91.26% stake of the SunVic Chemical. The offer will remain open for acceptances by shareholders for a period of at least 28 days from the date of posting of the offer document. As of December 9, 2020, transaction is expected to close on January 6, 2021. As on January 5, 2021, the expected closing date has been extended to January 20, 2021. As on January 18, 2021, the expected closing date has been extended to February 10, 2021. Shareholders should note that there will be no further extensions of the Offer and the Offer will not be open for acceptance beyond on the final closing date. W Capital Markets Pte. Ltd. acted as financial advisor to Song Wuying. Asian Corporate Advisors Pte. Ltd. acted as financial adviser and fairness opinion provider to SunVic Chemical Holdings Limited. Tricor Barbinder Share Registration Services acted as registrar to SunVic Chemical Holdings. The Central Depository (Pte) Limited acted as registrar to Song Wuying. Danny Lim of Rajah & Tann Singapore acted as legal advisor to Song Wuying. Song Wuying completed the acquisition of SunVic Chemical Holdings Limited (SGX:A7S) on February 10, 2021. As on February 9, 2021, the offeror has received valid acceptances in respect of approximately 91.26% stake of SunVic Chemical Holdings. Accordingly, the offeror is entitled to, and intends to, exercise its right to compulsorily acquire all the Shares of Shareholders who have not accepted the Offer. Trading of the shares has been suspended. As on February 23, 2021, the Offeror will exercise its right of compulsory acquisition to acquire all the remaining shares on or after March 24, 2021 for a consideration of SGD 0.028 per share in cash. As on March 24, 2021, Song Wuying has exercised its right of Compulsory Acquisition to acquire the shares of the dissenting shareholders who have not accepted the Offer for a consideration of SGD 0.028 per share in cash. Following the completion of the Compulsory Acquisition, SunVic Chemical Holdings will be delisted from the Official List of the SGX-ST with effect from 9.00 a.m. (Singapore time) on April 1, 2021. As on March 25, 2021, SunVic Chemical Holdings received no objection from the Singapore Exchange Securities Trading Limited (the “SGX-ST”) to the proposed delisting of the Company from the Official List of the SGX-ST. Compulsory Acquisition is expected to be completed on or about March 31, 2021. As on March 31, 2021, Song Wuying completed the Compulsory Acquisition of the shares of the dissenting shareholders who have not accepted the Offer.