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Rights Announcement Withdrawn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 for Rights Issue.pdf
Event Narrative
Narrative Type
Narrative Text
Additional Text
Propose 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
SG1O45913009
ANNAIK LIMITED
Ordinary Share
5
2
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
Announcement for Rights Issue.pdf
Total size =256K
Related Announcements
Related Announcements
24/08/2015 07:07:27