Request for Resumption of Trading from Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
SBI OFFSHORE LIMITED
Security
SBI OFFSHORE LIMITED - SG1Y97950360 - 5PL
Note: In line with current market practice, trading on all securities related to the trading counter have also similarly resumed.

Announcement Details

Announcement Title
Request for Resumption of Trading from Suspension
Date &Time of Broadcast
24-Oct-2019 23:42:20
Status
New
Announcement Reference
SG191024ACTVEYW2
Submitted By (Co./ Ind. Name)
Mirzan Bin Mahathir
Designation
Executive Non-Independent Chairman
Narrative Type
Narrative Text
Additional TextThe board of directors of SBI Offshore Limited (the "Company") refers to the Company's announcements on
Additional Text(i) 1 March 2019 in relation to the Company becoming a cash company as defined under Rule 1017 of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist (the "Catalist Rules");
Additional Text(ii) 21 March 2019 in relation to the suspension of trading of the Company's shares with effect from the same date, as the Company required more time to complete the opening of the escrow account(s) in order to comply with Rule 1017(1) of the Catalist Rules; and
Additional Text(iii) 30 July 2019 in relation to the update on the status of opening of escrow accounts.
Additional TextThe Board wishes to announce that Singapore Exchange Regulation Pte Ltd ("SGX RegCo") had, on 24 October 2019, advised that it has no objection to the resumed trading of the Company s shares on SGX-ST.
Additional TextAccordingly, the Company will be requesting for resumption of trading of the Company's shares with effect from 25 October 2019 at 9.00 a.m..
Additional TextShareholders and potential investors are advised to exercise caution when dealing in shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors or other professional advisers.
Additional TextBy Order of the Board

Mirzan Bin Mahathir
Executive Non-Independent Chairman

24 October 2019
Additional TextThis announcement has been prepared by SBI Offshore Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
Additional TextThis announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
Additional TextThe contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Event Dates

Effective Date and Time of the Event
25/10/2019 08:30