- Narrative Type
| - Narrative Text
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| Additional Text | The Company refers to the shareholders' circular dated 24 September 2014 (the "Circular") despatched by the Company to the Shareholders in respect of, inter alia, the Proposed Acquisition and the announcements of the Company released on 29 October 2014 and 31 October 2014 relating to, inter alia, the Compliance Placement (the "Announcements"). |
| Additional Text | Unless otherwise defined herein or the context requires otherwise, the capitalised terms used in this announcement shall have the same meaning ascribed to them in the Announcements and the Circular. |
| Additional Text | The trading suspension is made for the purpose of effecting the Compliance Placement to be undertaken, details of which are set out in the Circular and the Announcements. |
| Additional Text | The SGX-ST has permitted the Company a period of one (1) month to complete the Compliance Placement for the purposes of, inter alia, raising the percentage of the Company's Shares held in the hands of the public to at least 25% of the Company's issued share capital. |
| Additional Text | The suspension of trading in the Shares of the Company, including those trading in odd lots on the SGX-ST, will be suspended until such time when the shareholding distribution requirements under Rule 210(1)(a) of the Listing Manual are met. |
| Additional Text | If the Compliance Placement is completed earlier, and the percentage of the Company's Shares held in the hands of the public is at least 25% of the Company's issued share capital, an application to the SGX-ST to lift the suspension will be made at that earlier time. |
| Additional Text | CIMB Bank Berhad, Singapore Branch was the financial adviser to the Company for the acquisition of the entire issued and paid up share capital of Regal International Holdings Pte. Ltd. |