Euqorab
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This lup cheong company is privatising! At a 26% discount from the listing price 
Ong family behind OTS Holdings makes 17 cents per share privatisation offer
Why was it even listed in the first place?The Edge Singapore Tue, Sep 08, 2026 • 09:18 PM GMT+08
From left: Ong Bee Chip, managing director of OTS; Ong Chew Yong, executive director of OTS; and Ong Bee Song, sales director of Golden Bridge and Ellaziq Singapore / Photo: OTS Holdings
The Ong family controlling OTS Holdings has made an offer of 17 cents to buy out other shareholders and to privatise the company.
OTS, which manufactures sausage and other meat products, was listed in 2021 at 23 cents.
The offer price of 17 cents is a 27.8% premium over the volume weighted average price as of Sept 7.
As of Sept 8, via various entities or direct holdings, the Ongs and their concerted parties already control 81.37% of the company.
The offerors note that trading volume of OTS shares has been "relatively low" and that there is no foreseeable need to tap public equity markets.
"The costs and administrative burden associated with maintaining a public listing do not commensurate with the benefits to the group," reads OTS's SGX announcement.
