Response to Query Regarding Trading Activity::
Issuer & Securities
Issuer/ Manager
UNITED FOOD HOLDINGS LIMITED
Securities
UNITED FOOD HOLDINGS LIMITED - BMG9232V2045 - AZR
Stapled Security
No
Announcement Details
Announcement Title
Response to Query Regarding Trading Activity
Date &Time of Broadcast
21-Feb-2017 16:56:39
Status
New
Announcement Reference
SG170221OTHRVWWS
Response Submitted Date/ Time
21-Feb-2017 16:56:39
Response Details
Response Submitted By (Co./ Ind. Name)
Song Yanan
Respondent's Designation
Non-Executive Chairman
Response Description (Please provide a detailed description of the Response to Query in the box below)
The Board of Directors of United Food Holdings Limited (the "Company") refers to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 21 February 2017 regarding unusual price movements in the Company's shares and wishes to respond to the queries as follows:-
Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.
Response to Question 1: The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading.
The Company wishes to inform that as previously announced on 14 November 2016, with the expertise of the existing management team and the recent strategic investors, the Group is well positioned to explore strategic acquisitions when appropriate to augment and to extend its existing business operations, and to enhance the overall financial performance of the Group. As and when there are any material developments, which are definitive and which warrant disclosure, the Company will make an announcement in accordance with its obligations pursuant to the Listing Manual of SGX-ST. The Company is committed to its responsibility of issuing timely and accurate disclosures of material information.
Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Response to Question 2: The Company is not aware of any other possible explanation for the trading.
Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Response to Question 3: The Company confirms its compliance with the listing rules, in particular, Mainboard Rule 703.
The Board of Directors collectively and individually takes responsibility for the accuracy of the aforesaid replies to the queries raised by SGX-ST.
BY ORDER OF THE BOARD
Song Yanan
Non-Executive Chairman
21 February 2017
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