General Announcement::Outcome of Board Meeting

Issuer & Securities

Issuer/ Manager
MERCATOR LIMITED
Securities
MERCATOR US$16M4.75%CB190527 - XS1072432161 - 3R0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Feb-2016 22:22:09
Status
New
Announcement Sub Title
Outcome of Board Meeting
Announcement Reference
SG160211OTHRRX0R
Submitted By (Co./ Ind. Name)
Deepesh Joishar
Designation
Company Secretary
Effective Date and Time of the event
11/02/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that the Board of Directors of the Company at its meeting held today, has inter alia; approved the divestment of entire stake in Mercator Lines (Singapore) Ltd., step down subsidiary held through wholly owned subsidiary Mercator International Pte. Ltd. and to seek shareholders approval through Postal Ballot for the same.

The Board Meeting commenced at 04.30 P.M. and concluded at 6.45 P.M.

Attachments

SGX Outcome.pdf
Total size =37K