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Advance SCT Ltd (ASCT.SI)

ASCT.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Advance SCT updates on proposed scheme of arrangement
Wednesday, 24 May 2017 11:07am EDT 

May 24 (Reuters) - Advance SCT Ltd :Company has been negotiating with objecting creditor for a settlement.A settlement proposal has now been tabled for consideration by relevant parties.  Full Article

Advance SCT Ltd updates on legal proceedings
Thursday, 8 Oct 2015 08:40am EDT 

Advance SCT Ltd:Update on legal proceedings in respect of termination of proposed acquisition.Filed an application dated 1 October 2015 to the high court of the republic of Singapore for the setting aside of the arbitration award.  Full Article

Advance SCT Ltd announces proposed issue of S$1.5 million in aggregate principal amount of redeemable 6 pct convertible bonds due 2017
Tuesday, 25 Aug 2015 05:17am EDT 

Advance SCT Ltd:Entered into a bond subscription agreement with Yeo Chee Tong under which Company proposes to issue up to S$1.5 million in aggregate principal amount of redeemable 6 pct convertible bonds.Says intends to use the proceeds from proposed bond issue to raise required working capital for copper business to a healthy level and for general working capital purpose.  Full Article

Advance SCT Ltd announces disposal of shares in subsidiary
Monday, 24 Aug 2015 06:29am EDT 

Advance SCT Ltd:Entered into sale and purchase agreement with Tenneco Works Ltd to dispose of its entire interest in Western Copper comprising 6,754,785 issued and paid-up ordinary shares in the share capital of Western Copper, comprising 52.78 pct of issued and paid-up share capital of Western Copper to purchaser.Says proposed disposal will result in Western Copper ceasing to be a subsidiary of the Company.Says consideration will be satisfied by purchaser in cash, out of which the Company and its subsidiary Green World Holdings Ltd will receive S$5,200 and S$3,700 respectively, payable on date of completion of proposed disposal.  Full Article

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