Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
CHINA BEARING (SINGAPORE) LTD.
Security
CHINA BEARING (SINGAPORE) LTD. - SG1U08932378 - AD7

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
22-Dec-2015 07:38:32
Status
New
Announcement Reference
SG151221SUSPKBFM
Submitted By (Co./ Ind. Name)
ZHANG ANXI
Designation
NON-EXECUTIVE CHAIRMAN
Narrative Type
Narrative Text
Additional Text1. 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 Text2. 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 Text3. 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 Text4. 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 Text5. 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.

Event Dates

Effective Date and Time of the Event
With Immediate Effect

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