Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
CHIP ENG SENG CORPORATION LTD.
Security
CHIP ENG SENG CORPORATION LTD - SG1H36875612 - C29
Note: In line with current market practice, trading on SGX-ST of all securities related to the counter(s) have also been similarly suspended.

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
16-Feb-2023 17:23:21
Status
New
Announcement Reference
SG230216SUSPKKW0
Submitted By (Co./ Ind. Name)
Chia Lee Meng Raymond
Designation
Executive Director and Group Chief Executive Officer
Narrative Type
Narrative Text
Additional TextWith reference to the Company's announcement relating to the compulsory acquisition and loss of free float released on 15 February 2023,
Additional Textthe percentage of the total number of issued shares of the Company (excluding treasury shares) held in public hands has fallen below 10% and is therefore less than the requisite percentage as required under Rule 723 of the Listing Manual ("Listing Manual") of the Singapore Exchange Securities Trading Limited ("SGX-ST").
Additional TextAs the offer has closed at 5.30 p.m. on 16 February 2023, the Company has accordingly requested for SGX-ST to suspend the trading of the Company's shares pursuant to Rule 1303(1) of the Listing Manual with effect from 9.00 a.m. on 17 February 2023.

Event Dates

Effective Date and Time of the Event
With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.