General Announcement::Receipt By Subsidiary Of Originating Summons

Issuer & Securities

Issuer/ Manager
ASIAN MICRO HOLDINGS LIMITED
Securities
ASIAN MICRO HOLDINGS LTD - SG1H05873721 - 585

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Apr-2014 21:04:10
Status
New
Announcement Sub Title
Receipt By Subsidiary Of Originating Summons
Announcement Reference
SG140421OTHRKDAW
Submitted By (Co./ Ind. Name)
Victor Lim
Designation
Executive Chairman, Chief Executive Officer and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Asian Micro Holdings Limited (the "Company") wishes to announce that the Company's 100%-owned subsidiary, Asian Micro (S) Pte Ltd ("AMS"), has on 17 April 2014 been served with an originating summons ("Originating Summons") issued by the High Court of The Republic of Singapore, taken out by the solicitors of HSBC Institutional Trust Services (Singapore) Limited ("HSBC"), a creditor of AMS, in relation to a sum owing to HSBC.

In the Originating Summons, HSBC has applied for a winding up order to be made against AMS and the appointment of a liquidator for AMS (the "Application"). The Application is scheduled to be heard before the High Court of the Republic of Singapore on 9 May 2014.

The Company and AMS are currently seeking legal advice in respect of the Application. The Company will make further announcements as appropriate in due course and on any other material developments as and when necessary.

By Order of the Board



Victor Lim
Executive Chairman, Chief Executive Officer and Group Managing Director
21 April 2014

The Announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), RHT Capital Pte. Ltd. for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of the Announcement including the correctness of any of the figures used, statements or opinions made.

The Announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of the Announcement including the correctness of any of the statements or opinions made or reports contained in the Announcement.

The contact person for the Sponsor is
Name: Mr Chew Kok Liang, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Telephone number: +65 6381 6757