Proposed Spinoff & Listing of Vividthree Holdings Ltd on the Catalist - Lodgement of Preliminary
The board of directors (the “Board”) of mm2 Asia Ltd. (the “Company”, and together with its subsidiaries, the “Group”) refers to the announcements released by the Company on 3 March 2015, 8 April 2015, 14 May of 2015, 31 January 2018, 7 April 2018, 23 April 2018, 15 May 2018 and 28 August 2018 (the “Announcements”). Unless otherwise defined, all terms and references used herein shall bear the same meaning ascribed to them in the Announcements.
Further to the Announcements on the Proposed Spin-off of Vividthree Holdings Ltd., the Board is pleased to announce that the preliminary offer document in relation to the Proposed Listing has today been lodged with the Singapore Exchange Securities Trading Limited (“SGX-ST”) acting as agent on behalf of the Monetary Authority of Singapore. The Company intends to sell vendor shares in the Proposed Listing and further details on the vendor shares will be provided upon registration of the final offer document.
The Company will announce any material developments on the Proposed Spin-off as and when appropriate.
The Company would like to highlight that the Proposed Listing is dependent on and subject to, requisite approvals from the relevant regulatory authorities, compliance with the Catalist Rules and the then-prevailing market conditions. Further, the Directors may, notwithstanding that all requisite regulatory approvals have been obtained, decide not to proceed with the Proposed Listing if, having regard to investors’ interests and response at the material time and any other relevant factors, the Directors deem it not in the interests of the Company to proceed with the Proposed Listing.
Shareholders and other investors are reminded to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they are in doubt about the actions that they should take.
