Response to Query Regarding Trading Activity::
Issuer & Securities
NAM CHEONG LIMITED
NAM CHEONG LIMITED - BMG6361R1117 - N4E
Response to Query Regarding Trading Activity
Date &Time of Broadcast
Response Submitted Date/ Time
Response Submitted By (Co./ Ind. Name)
LEONG SENG KEAT
CHIEF EXECUTIVE OFFICER
Response Description (Please provide a detailed description of the Response to Query in the box below)
The Board of Directors (the Board) of Nam Cheong Limited (the Company) would like to respond to the following queries raised by the Singapore Exchange Securities Trading Limited (SGX-ST) on 24 May 2017:
Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.
The Company has previously announced on 23 April 2017 that it is holding discussions with its principal lenders to address significant debt maturities, which may include, inter alia, refinancing and/or restructuring of existing loans (the Announcement). Such discussions are ongoing and parties have not entered into any definitive agreements. There is no assurance or reasonable certainty that any discussions or any restructuring options will materialise or be successfully concluded.
Save as set out in the Announcement, to the best of our knowledge, the Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which explain the trading today.
Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Save as set out in the Announcement, to the best of the Company's knowledge, it is not aware of any other possible explanation for the trading.
Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Company s Response:
The Company confirms that it is in compliance with the listing rules of SGX-ST and in particular Mainboard Rule 703.
BY ORDER OF THE BOARD
NAM CHEONG LIMITED
Tan Sri Datuk Tiong Su Kouk
24 May 2017