Response to Query Regarding Trading Activity::

Issuer & Securities

Issuer/ Manager: K1 VENTURES LIMITED
Securities: K1 VENTURES LIMITED - SG1CD1000005 - BLT
Stapled Security: No

Announcement Details

Announcement Title: Response to Query Regarding Trading Activity
Date &Time of Broadcast: 15-Mar-2017 12:07:16
Status: New
Announcement Reference: SG170315OTHRRG1S
Response Submitted Date/ Time: 15-Mar-2017 12:07:16

Response Details

Response Submitted By (Co./ Ind. Name): Winnie Mak
Respondent's Designation: Company Secretary
Response Description (Please provide a detailed description of the Response to Query in the box below): K1 Ventures Limited (the "Company") wishes to respond to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 15 March 2017 in respect of recent unusual price movements as follows:

Question 1: 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.

Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.

Response: With regard to Questions 1 and 2, the Company is not aware of any information not previously announced concerning the Company and its subsidiaries which might explain the unusual price movements.

Please note the Company had announced on 13 March 2017 that it is convening an extraordinary general meeting on 29 March 2017 to seek shareholders' approval for the proposed divestment of the Company's interests in the capital of KUE 3 LP and Guggenheim Capital, LLC. As stated in the circular despatched to shareholders on 13 March 2017, the proposed divestments are consistent with the Company's divestiture mandate and the Company's plan to monetise its investments when appropriate after which surplus cash would be distributed to shareholders.

Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?

Response: We confirm compliance with the listing rules and in particular, Mainboard Rule 703.

Related Announcements

Related Announcements: 15/03/2017 09:33:56