Delisting of Security::Mandatory

Issuer & Securities

Issuer/ Manager
KOLAO HOLDINGS GDR
Security
KOLAO HOLDINGS GDR - US50042R2040 - T9R

Announcement Details

Announcement Title
Delisting of Security
Date &Time of Broadcast
02-Nov-2018 10:55:40
Status
New
Announcement Reference
SG181102DLSTEFOG
Submitted By (Co./ Ind. Name)
MR. KEVIN LEE (LVMC HOLDINGS)
Designation
DIRECTOR
Narrative Type
Narrative Text
Additional TextAs of today, we have only 18 (eighteen) outstanding GDRs on SGX, meaning that it yields no material benefit to neither investors nor issuer to maintain the Company's listing status.
Additional TextFor the 6 months period before delisting, the Depository Bank will grant the grace period for the GDR holders to change their GDRs to the underlying share of the Company

In case any of the outstanding GRDs remains until the expiration of the grace period, Depositary Bank will dispose the remaining GDRs, and refund the GDR holders in cash.

Event Dates

Effective Date and Time of the Delisting
03/05/2019 00:00:00