WD::Rights::Voluntary

Issuer & Securities

Issuer/ Manager
ASIA FASHION HOLDINGS LIMITED
Security
ASIA FASHION HOLDINGS LIMITED - BMG0539Q1217 - BQI

Announcement Details

Announcement Title
Rights Announcement Withdrawn
Date &Time of Broadcast
10-Apr-2018 17:37:46
Status
Withdraw
Corporate Action Reference
SG171211RHDIEGOE
Submitted By (Co./ Ind. Name)
CHONG TIN YAM, ALEX
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Event Status
Rejected
Underwritten
No
Shareholders' Approval Required?
No
Shareholders' Approval Obtained
No
Financial Year End
30/06/2017
Foreign Shareholder Eligibility
No
Attachment for Intent
Ann-Rights Issue-11Dec2017-Final.pdf
Annex A to Ann-Rights Issue-11Dec2017.pdf

Event Narrative

Narrative Type
Narrative Text
Additional TextPROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE.

Dates

Rights Details

Security Not Found?
No
Renounceable
Yes
Rights Security Distribution Ratio- Underlying
1
Rights Security Distribution Ratio- Rights Security
1

Option Exercise

Issue Price (Per Rights)
SGD 0.112
Disbursed Security
ISIN
Name
Security Type
Distribution Ratio- Rights
Distribution Ratio- Disbursed
BMG0539Q1217ASIA FASHION HOLDINGS LIMITEDOrdinary Share11

Renounceable Conditions

Allow Over Subscription
Yes

Reason(s) for Withdrawal

Reason(s) for Withdrawal
The Company has received notices from the Undertaking Shareholders that they wish to terminate their Irrevocable Undertakings. Consequently, the Undertaking Shareholders and the Company have entered into Deeds of Termination on 10 April 2018. Consequently, the Company has decided not to proceed with the Rights Issue.

Attachments

Ann-Rights Issue-11Dec2017-Final.pdf
Annex A to Ann-Rights Issue-11Dec2017.pdf
Total size =132K

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11/12/2017 18:58:53