Hafary Holdings Limited announced on Oct, 1 2026 that it has appointed W Capital Markets Pte. Ltd. as the independent financial adviser to its independent directors regarding the voluntary conditional cash offer from 23 Capital Pte. Ltd.

The offer, launched through United Overseas Bank Limited on Sept, 28 2026, seeks to acquire all issued and paid-up ordinary shares of Hafary Holdings not already owned by the offeror.

Hafary said it will dispatch an offeree circular within 14 days of the formal offer document, containing the adviser’s assessment and the independent directors’ recommendation.

The board urged shareholders and potential investors to exercise caution when dealing in the company’s shares until they have reviewed the forthcoming circular and professional advice.