Bcs Development Pte. Ltd. agreed to acquire remaining 18.79% stake in OTS Holdings Limited for SGD 6.8 million.

Bcs Development Pte. Ltd. agreed to acquire remaining 18.79% stake in OTS Holdings Limited (Catalist:OTS) for SGD 6.8 million on September 8, 2026. Under the terms, public shareholders will receive SGD 0.17 in cash for each share held. The offer price represents a 29.8% premium over the last traded price of SGS 0.131 on September 7, 2026. Upon completion, OTS Holdings will become a wholly-owned subsidiary of BCS Development Pte. Ltd. and will be delisted from the Catalist Board of the SGX-ST. The transaction also involves a rollover, where key shareholders Ong Bee Chip, holding 4.17%, and Ong Chew Yong, holding 1.37%, will contribute their shares to the acquirer in exchange for new equity in the post-transaction entity. The transaction is subject to court approval, approval by regulatory board / committee and subject to shareholder approval. ZICO Capital Pte. Ltd. acted as financial advisor for Bcs Development Pte. Ltd. Asian Corporate Advisors Pte. Ltd. acted as financial advisor for OTS Holdings Limited.