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Additional Text | 1. We refer to the Company Circular dated 2 December 2015, in relation to the proposed disposal of the entire issued and paid-up capital of Linyi Kaiyuan Bearing Co., Ltd ("Proposed Disposal"). |
Additional Text | 2. Following the approval of the shareholders of the Company obtained at the extraordinary general meeting held on 17 December 2015, the Proposed Disposal has been completed on 21 December 2015. |
Additional Text | 3. The board of directors of the Company (the "Board") wishes to announce that the Company has made a request to the Singapore Exchange Securities Trading Limited ("SGX-ST") for the suspension of trading of its shares. Accordingly, trading of the Company's shares on SGX-ST will be suspended with immediate effect. |
Additional Text | 4. The Company has made the request for the suspension of trading of its shares on the basis of Rule 1018(1) of the Listing Manual of the SGX-ST which states that if the assets of an issuer consist wholly or substantially of cash or short-dated securities, its securities will normally be suspended. |
Additional Text | 5. The Company would like to remind shareholders and potential investors to exercise caution when trading in shares of the Company and, where in doubt as to the action they should take, they should consult their stockbroker, bank manager, solicitor and/or other professional adviser(s) immediately. |