WD::Rights::Voluntary

Issuer & Securities

Issuer/ Manager
ANNAIK LIMITED
Security
ANNAIK LIMITED - SG1O45913009 - A52

Announcement Details

Announcement Title
Rights Announcement Withdrawn
Date &Time of Broadcast
02-Oct-2015 17:20:15
Status
Withdraw
Corporate Action Reference
SG150824RHDIKKWA
Submitted By (Co./ Ind. Name)
NG KIM KEANG
Designation
DIRECTOR
Event Status
Rejected
Underwritten
No
Shareholders' Approval Required?
Yes
Shareholders' Approval Obtained
No
Financial Year End
31/12/2014
Foreign Shareholder Eligibility
No
Attachment for Intent
Announcement%20for%20Rights%20Issue.pdf

Event Narrative

Narrative Type
Narrative Text
Additional TextPropose Renounceable Non-Underwritten Rights Issue

Dates

Rights Details

Security Not Found?
No
Renounceable
Yes
Rights Security Distribution Ratio- Underlying
5
Rights Security Distribution Ratio- Rights Security
2

Option Exercise

Issue Price (Per Rights)
SGD 0.07
Disbursed Security
ISIN
Name
Security Type
Distribution Ratio- Rights
Distribution Ratio- Disbursed
SG1O45913009ANNAIK LIMITEDOrdinary Share52

Renounceable Conditions

Allow Over Subscription
Yes

Reason(s) for Withdrawal

Reason(s) for Withdrawal
The Company has decided not to proceed with the Proposed Rights Issue after taking into consideration the recent weak and uncertain market conditions associated with the slowdown in the global economy, in particular the local and Chinese economy where the Company's main distribution and environmental businesses operate in.

Attachments

Related Announcements

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24/08/2015 07:07:27