Asset Acquisitions and Disposals::INCREASE IN ISSUED AND PAID UP SHARE CAPITAL OF AXCELASIA HR CONSULTING SDN BHD

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 31-May-2016 17:30:18
Status: New
Announcement Sub Title: INCREASE IN ISSUED AND PAID UP SHARE CAPITAL OF AXCELASIA HR CONSULTING SDN BHD
Announcement Reference: SG160531OTHRJOXL
Submitted By (Co./ Ind. Name): Dato' Tang Swee Guan
Designation: Finance Director
Description (Please provide a detailed description of the event in the box below): PLEASE SEE ATTACHED.

Axcelasia Inc. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 27 November 2015. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

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