General Announcement::Lapsing of MOU announced on 30 January 2020

Issuer & Securities

Issuer/ Manager
BM MOBILITY LTD.
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-May-2020 15:16:08
Status
New
Announcement Sub Title
Lapsing of MOU announced on 30 January 2020
Announcement Reference
SG200505OTHRQKO9
Submitted By (Co./ Ind. Name)
Andrew Grimmett and Lim Loo Khoon
Designation
Interim Judicial Managers
Description (Please provide a detailed description of the event in the box below)
Further to the announcement made on 30 April 2020, the Company wishes to announce that the Company had accepted the lapsing of the MOU which was first announced on 30 January 2020. As mentioned earlier, the Interim Judicial Managers intend to resume discussions with prospective investors for suitable restructuring proposals, and will provide further updates on material developments as and when appropriate. Capitalised terms used herein shall have the definitions ascribed to them in the announcement of 30 April 2020.