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Additional Text | The Board of Directors of Magnus Energy Group Ltd (the "Company") refers to the request for suspension made on 22 August 2019 and the announcement in relation to the release of the External Review report made on 23 August 2019 (the "External Review Report Announcement"). |
Additional Text | Capitalised terms used herein shall have the definitions ascribed to them in the External Review Report Announcement, unless otherwise stated or the context otherwise requires. |
Additional Text | The Company is addressing the matters raised in the External Review report issued by Provenance Capital and responding to further queries raised by the Sponsor in relation to those matters. |
Additional Text | Trading of the shares of the Company will continue to be suspended until such matters have been sufficiently addressed by the Company.
The Company will make further announcements as and when there are material developments on the abovementioned matters. |
Additional Text | This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"). |
Additional Text | It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. |
Additional Text | The contact person for the Sponsor is Mr Bernard Lui. Tel: 6389 3000 Email: bernard.lui@morganlewis.com |