Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
K1 VENTURES LIMITED
Security
K1 VENTURES LIMITED - SG1CD1000005 - BLT
Note: In line with current market practice, all securities related to the trading counter have also been similarly suspended.

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
20-Nov-2017 07:36:23
Status
New
Announcement Reference
SG171119SUSPJMBP
Submitted By (Co./ Ind. Name)
Winnie Mak
Designation
Company Secretary
Narrative Type
Narrative Text
Additional TextThe Company refers to:

(i) the Company's announcement dated 19 November 2017 in relation to completion of the divestment by the Company's indirect wholly-owned subsidiaries, DFS Holdings I Corp and DFS Holdings II Limited, of the Company's entire ownership interests in Guggenheim Capital, LLC (the "Guggenheim Disposal"); and
Additional Text(ii) the Company's circular to shareholders dated 27 September 2017 (the "Circular").
Additional TextAs previously announced in the Circular, following completion of the Guggenheim Disposal, the Company would have disposed of all or substantially all of its assets and property.
Additional TextAs previously announced in the Circular, to avoid any market speculation on the value of the Company, the Company will be suspending the trading of shares in the capital of the Company ("Shares") on and from the market day immediately following the date on which the Guggenheim Disposal is completed for an indefinite period of time.
Additional TextAs completion of the Guggenheim Disposal has taken place in the U.S. on 17 November 2017, the Company will accordingly be suspending trading of its Shares on and from 20 November 2017.

Event Dates

Effective Date and Time of the Event
With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.