General Announcement::Announcement recent development and resumption of trading

Issuer & Securities

Issuer/ Manager
WINSWAY ENTERPRISES HOLDINGS LIMITED
Securities
WINSWAY US$500M8.5%N160408R - USG97214AA16 - 4TDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
23-Jun-2015 10:31:09
Status
New
Announcement Sub Title
Announcement recent development and resumption of trading
Announcement Reference
SG150623OTHR052L
Submitted By (Co./ Ind. Name)
Issuer Services
Designation
SGX-ST
Description (Please provide a detailed description of the event in the box below)
POTENTIAL INVESTOR UPDATES
The board of directors of the Company (the Board ) wishes to update creditors and shareholders of the
Company (the Shareholders ) and potential investors that the Company has been in continuing discussions
with potential investors as disclosed in the various announcements of the Company dated 26 March 2015
and 8 May 2015 respectively, in respect of a possible equity investment in the Company to support the
proposed Debt Restructuring. As at the date of this announcement, no agreement has been reached with
any potential investors and discussions with certain investors have now ceased. While some potential
investors are still assessing the opportunity, there is no assurance that the discussions with potential
investors will lead to any agreement. The Company is still in discussions with the Bondholder Group (as
defined in the Company s announcement of 8 April 2015) to also explore recapitalisation and other potential
options that might form the basis of a Debt Restructuring.
EXTENSION OF STANDSTILL AGREEMENT
Reference is made to the announcements of the Company dated 8 May 2015, 31 May 2015 and 16 June
2015 (the Announcements ) in which, among other things, the Company announced that the Standstill
Agreement (as defined in the Announcements) had been entered into in relation to a significant percentage
of the outstanding principal amount of the Senior Notes. The Board announces that the Standstill Agreement
has been further extended to 20 July 2015 by mutual agreement of all parties to the Standstill Agreement
pending ongoing discussions with the Bondholders and other relevant parties.
RESUMPTION OF TRADING At
the request of the Company, trading in the Shares on the Stock Exchange was halted with effect from 10:48
a.m. on 8 June 2015, pending the release of this announcement. An application has been made by the
Company to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on 23
June 2015.

Attachments

c946923 Chi stp9 as print2225.pdf
e946919 Eng as print2225.pdf
Total size =160K

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