- Narrative Type
| - Narrative Text
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| Additional Text | Given that the 18,750,000 Underlying Shares have been issued and are currently listed and quoted on the Mainboard of the SGX-ST while the trading of the ADSs has yet to commence, the Company is exploring possible options to ring-fence |
| Additional Text | the 18,750,000 Underlying Shares and put in place sufficient safeguards preventing such Underlying Shares from being traded on the SGX-ST until such time where all conditions for the Proposed NASDAQ Listing and the ADS Offering is fulfilled. |
| Additional Text | In light of the above, the Company has requested for the conversion of the trading halt to a voluntary suspension and will make an application for resumption of trading when the issue relating to the 18,750,000 Underlying Shares have been resolved. |
| Additional Text | Further details will be provided in an update announcement to be released shortly. |