Capital Reduction::Mandatory

Issuer & Securities

Issuer/ Manager
NH CERAMICS LTD
Security
NH CERAMICS LTD - SG1I61883027 - 5AC

Announcement Details

Announcement Title
Capital Reduction (Impacts shareholder)
Date &Time of Broadcast
04-Mar-2015 17:10:24
Status
New
Corporate Action Reference
SG150304DECRUZ1C
Submitted By (Co./ Ind. Name)
VON LEE YONG MIANG
Designation
EXECUTIVE CHAIRMAN
Cash Payout
Yes
Current Share Capital
233,419,249
New Share Capital
223,215,249

Event Narrative

Narrative Type
Narrative Text
Additional TextCapitalised terms used, unless otherwise defined herein or in the Announcements, shall have the same meaning as ascribed to them in the circular to shareholders of the Company dated 30 December 2014 and offer information statement dated 2 March 2015.
Additional TextThe figure of S$233,419,249 as reflected in the box titled "Current Share Capital" above has taken into account (a) the Proposed Share Consolidation; (b) the allotment and issue of the Consideration Shares and (c) the Placement, all of which are intended to be completed before the Proposed Selective Capital Reduction Exercise.
Additional TextThe Company will provide Shareholders with an update upon the finalisation and date of payment of the Distribution Capital, which is expected to take place in April 2015.
Additional TextAs such, Shareholders and potential investors should note that the figure of S$223,215,249 as reflected in the box titled "New Share Capital" above is only an indicative amount. The Company will make the necessary announcements when there are further updates.
Additional TextPlease refer to announcements dated 27 February 2015 [Reference numbers SG150227OTHRB2C6 and SG150227SPLR2O7U] and 2 March 2015 [Reference number SG150302OTHRWSIY] and the attachments for details.

Disbursement Details

Cash Payment Details
Outstanding Securities Redeemed (%)
4.3715332149

Attachments