Proposed Share Split - Receipt of LQN
PROPOSED SHARE SPLIT OF EVERY ONE (1) ORDINARY SHARE IN THE CAPITAL OF THE COMPANY INTO TWO (2) ORDINARY SHARES
All capitalised terms in this announcement shall, unless otherwise defined herein, have the same meanings ascribed to them in the Share Split Announcement.
The Directors refer to the Company’s announcement dated 1 September 2016 (the “Share Split Announcement”) relating to the proposed share split of every one (1) existing Share held by the Shareholders of the Company, on a books closure date to be determined by the Board, into two (2) Shares (the “Proposed Share Split”).
The Directors wish to announce that the SGX-ST has, by way of a listing and quotation notice dated 15 September 2016 (the “Share Split Notice”), granted its approval for the listing and quotation of 523,890,710 Additional Shares to be issued by the Company arising from the Proposed Share Split, subject to the following:
(a) compliance with the SGX-ST’s listing rules; and
(b) Shareholders’ approval to be obtained for the Proposed Share Split at the EGM of the Company to be convened.
A circular containing, amongst other things, the Notice of EGM and the details of the Proposed Share Split will be despatched to Shareholders in due course.
Please note that the Share Split Notice is not to be taken as an indication of the merits of the Proposed Share Split, the Additional Shares, the Company, its subsidiaries and their securities.
By Order of the Board
Melvin Ang Wee Chye
Chief Executive Officer and Executive Director
16 September 2016
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, Hong Leong Finance (the “Sponsor”), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the sponsor is Mr. Tang Yeng Yuen, Vice President, Head of Corporate Finance, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581. Telephone (65) 64159886.