- Narrative Type
| - Narrative Text
|
| Additional Text | Please see attached. |
| Additional Text | Please see announcement released on 28 November 2016 relating to completion of substitution of remaining collateral deposit amount. |
| Additional Text | The Board of Directors of SHC Capital Asia Limited (the "Company") is pleased to announce that pursuant to the Substitution Agreement, the Company has successfully procured the substitution of the Remaining Collateral Deposit Amount and UOB has released the Remaining Collateral Deposit Amount to the Company on 28 November 2016. |
| Additional Text | The Remaining Collateral Deposit Amount will be distributed as part of the Proposed Cash Distribution in connection with the Proposed Capital Reduction as announced on 31 October 2016. |
| Additional Text | For the avoidance of doubt, the terms of the Proposed Cash Distribution will remain unchanged at S$0.095 in cash for each Share held by Shareholders as at a books closure date to be determined, fractional entitlements of Shares to be disregarded, amounting to an aggregate distribution of approximately S$29,068,345. |