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HVRRVH ( Date: 03-Mar-2014 08:55) Posted:
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Exit Offer Price: S$0.004039.
CLOSING DATE of Exit Offer: 5.30 p.m. on 8 August 2014 or such later date(s) as may be announced from time to time by the Offeror (the &ldquo Closing Date&rdquo ).
Minimum Acceptance Condition. The Exit Offer is conditional upon the Offeror receiving acceptances in respect of voting rights which will result in the Offeror holding more than 50% of the voting rights of the Company. Shares held by the Offeror may count towards the 50% threshold. As at the Latest Practicable Date, the Offeror holds 231,438,440 Shares representing approximately 22.35% of the total number of issued Shares.
Compulsory Acquisition. The Offeror intends to exercise its rights of compulsory acquisition if it receives acceptances amounting to not less than 90% in value of the shares affected.
Implications of Delisting. Shareholders should note that following the Delisting,
(i) if the Minimum Acceptance Condition is not met and all acceptances are returned or
(ii) if they do not accept the Exit Offer but the Minimum Acceptance Condition is met (and the Offeror is unable to exercise its rights of compulsory acquisition under the Companies Law),
they will:
(a) continue to hold Shares in the Company, which will then be an unlisted company incorporated and based in the Cayman Islands
(b) likely find it difficult to sell their Shares in the absence of a public market for the Shares, as there is no arrangement for such Shareholders to exit and
(c) (if such Shareholders are able to sell their Shares) likely receive a lower price as compared with the Offer Price or the market prices of the shares of comparable listed companies.
Shareholders who continue to hold the unlisted shares following the Delisting should note that (save as provided for in its Articles of Association) the Company being an exempt company under the Companies Law (Revised) of the Cayman Islands is not required by law to hold an AGM, prepare, make available or file its financial statements or appoint auditors.
11-Jul-2014 09:02:49
JOINT ANNOUNCEMENT - DESPATCH OF EXIT OFFER LETTER AND ACCEPTANCE FORMS
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=VU5Y9OGRTMLH65KA& H=17d54fcc20bf259dce4147f8f7e1c2b4331236492b25b0a60c0ac50ad7eaeaa3#.U8Xi0PmLH6s
exit offer : S$0.00408 ,
ie: $4.08 every 1000 shares or 1 lot.
edwinjup ( Date: 03-Mar-2014 08:09) Posted:
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chongpin ( Date: 01-Nov-2013 17:53) Posted:
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johnng ( Date: 17-Jan-2014 16:18) Posted:
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johnng ( Date: 15-Jan-2014 12:25) Posted:
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PUBLISHED NOVEMBER 01, 2013
GEMS TV Holdings Limited, which has been on SGX Watch-List, said on Friday that it has entered into a S$571.38 million reverse takeover (RTO), which will transform the company into a trader of basmati and non-basmati varieties of rice, cocoa beans, soya beans, cloves and other agricultural products.
The conditional business sale and purchase agreement was entered with an international commodities trading company incorporated in the Dubai Multi Commodities Centre (DMCC). It is also subsidiary of Delhi-based REI Agro Limited, a public company listed on the NationalStock Exchange of India and the Bombay Stock Exchange.
Under the plan, the new business will be injected into a subsidiary to be incorporated in the United Arab Emirates (UAE).
" The proposed acquisition is expected to give the company a new lease of life and support the company's application to the SGXST for the removal from the SGX-ST's Watch-List,'' Gems TV's board said.
01-Nov-2013 07:43:51
1) THE PROPOSED ACQUISITION BY GEMS TV HOLDINGS LIMITED (THE COMPANY) OF THE VENDOR BUSINESS (AS DEFINED BELOW) FROM AMMALAY COMMODITIESS JLT (THE VENDOR), AS A GOING CONCERN (THE PROPOSED ACQUISITION) AND
(2) THE PROPOSED DISPOSAL BY THE COMPANY OF ITS ENTIRE BUSINESS TO MOUNTING HOLDINGS LIMITED (THE PURCHASING SHAREHOLDER) (THE PROPOSED DISPOSAL)
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=1020661#.UnN56vlTSSo
bigman88 ( Date: 13-Mar-2013 09:59) Posted:
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bigman88 ( Date: 13-Mar-2013 09:45) Posted:
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erickkw ( Date: 26-Aug-2012 00:13) Posted:
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