News and Announcements
DeClout Propose Increase in Shareholding in an Associated Company to a Subsidiary
- Published June 15, 2016 2:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
14th June 2016 , DeClout Limited
The board of directors (the “Board” or “Directors”) of DeClout Limited (the “Company”, and together with its subsidiaries, the “Group”) refers to the Company’s announcement dated 4 June 2016 on the proposed increase in shareholding in an associated company to a subsidiary (“First Announcement”). Unless otherwise defined herein, all capitalised terms shall have the same meanings ascribed to them in the First Announcement.
As set out in paragraph 11 of the First Announcement, as the relative figured computed based on Rule 1006(b) of the Catalist Rules may not be meaningful for the Proposed Acquisition and the Proposed Subscription, the Sponsor will, on behalf of the Company, consult with the SGX-TX on the necessity to obtain the Company’s shareholders’ approval for the Proposal Acquisition and the Proposed Subscription.
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