Share Consolidation::Mandatory

Issuer & Securities

Issuer/ Manager
NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
Security
NEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07

Announcement Details

Announcement Title
Share Consolidation
Date &Time of Broadcast
01-Mar-2016 19:06:01
Status
New
Corporate Action Reference
SG160301SPLR4BDK
Submitted By (Co./ Ind. Name)
Ku Vicente. S
Designation
Managing Director and Chief Executive Officer

Event Narrative

Narrative Type
Narrative Text
Additional Text(A) EXTENSION OF TIME TO MEET THE MINIMUM TRADING PRICE REQUIREMENT OF S$0.20 ("MTP REQUIREMENT")
Additional Text(B) PROPOSED SHARE CONSOLIDATION OF EVERY HUNDRED (100) EXISTING ISSUED ORDINARY SHARES IN THE CAPITAL OF NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED HELD BY SHAREHOLDERS AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, INTO ONE (1) ORDINARY SHARE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE "PROPOSED SHARE CONSOLIDATION")

Disbursement Details

Existing Security Details
New Security Details
Security not found
No
Distribution Ratio (New: Old)
1:100

Attachments

Extension.pdf
Total size =65K

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05/04/2016 18:56:15