Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
LORENZO INTERNATIONAL LIMITED
Security
LORENZO INTERNATIONAL LIMITED - SG1T35930281 - 5IE
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
14-Dec-2018 11:09:43
Status
New
Announcement Reference
SG181214SUSPH751
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Narrative Type
Narrative Text
Additional TextThe Board of the Company (and together with its subsidiaries, the "Group") refers to the announcement dated 13 December 2018 entitled "Auditor's Comments of Accounts" regarding the issuance by the Auditors of the Company of a disclaimer of opinion in respect of the audited financial statements of the Group for FY2018 (the "Disclaimer of Opinion").
Additional TextThe Disclaimer of Opinion relates to, inter alia, the Group's ability to continue as a going concern.
Additional TextIn light of the foregoing and pursuant to Rule 1303(3) of the SGX-ST Listing Manual, the Board has recommended that it is in the best interests of the Company that the trading of the shares of the Company be suspended with immediate effect.
Additional TextThe Board will continuously reassess the Group's ability to continue as a going concern and will keep shareholders updated as and when there are material updates in relation to the above.

Event Dates

Effective Date and Time of the Event
With Immediate Effect

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