LISTING PROSPECTUS / SHAREHOLDERS' CIRCULARS

SINGAPORE EDEVELOPMENT LIMITED

Shareholders' Circulars 14 Apr 2016

Circular To Shareholders In Relation To (1) The Proposed Subscription; (2) The Proposed Whitewash Resolution In Relation To The Proposed Subscription; And (3) The Proposed Redemption Of Exchangeable Notes.

Description:

CIRCULAR TO SHAREHOLDERS IN RELATION TO (1) THE PROPOSED SUBSCRIPTION OF 117,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT THE SUBSCRIPTION PRICE OF S$0.06 PER EACH SUBSCRIPTION SHARE BY HENGFAI BUSINESS DEVELOPMENT PTE LTD, AN ASSOCIATE OF MR CHAN HENG FAI, A DIRECTOR AND CONTROLLING SHAREHOLDER OF THE COMPANY; (2) THE PROPOSED WHITEWASH RESOLUTION FOR THE WAIVER OF THE RIGHTS OF THE INDEPENDENT SHAREHOLDERS OF THE COMPANY TO RECEIVE A MANDATORY GENERAL OFFER FROM HENGFAI BUSINESS DEVELOPMENT PTE. LTD. FOR ALL THE ISSUED SHARES IN THE CAPITAL OF THE COMPANY NOT ALREADY OWNED OR CONTROLLED BY THE CONCERT PARTY GROUP AS A RESULT OF THE PROPOSED SUBSCRIPTION; AND (3) THE PROPOSED REDEMPTION OF EXCHANGEABLE NOTES.