General Announcement::Update Announcement

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 24-Jan-2019 07:56:40
Status: New
Announcement Sub Title: Update Announcement
Announcement Reference: SG190124OTHR0GGS
Submitted By (Co./ Ind. Name): Danny Heng
Designation: Company Secretary & CFO
Description (Please provide a detailed description of the event in the box below): 1. Proposed diversification of the existing core business of the Group to include the new agriculture business, which would result in a change in the risk profile of the Group
2. Proposed acquisition of 63.11% of the registered capital of Henan Zhongnong Huasheng Agricultural Science and Technology Co., Ltd., the consideration for which will be satisfied by the issue and allotment of 143,076,923 new ordinary shares in the capital of the Company at an issue price of S$0.26 per consideration share
3. Proposed Whitewash Resolution for the waiver of the rights of the independent shareholders to receive a mandatory general offer from Mr. Guo Yinghui and his concert parties
4. Proposed change of name of the Company to Zhongnong Huasheng International Limited and the proposed adoption of the Chinese name as the Company s dual foreign name

-Update Announcement

Total size =46K