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Mencast Holdings Ltd Announces Approval In-Principle For Proposed Acquisition Of 2,100,000 Ordinary Shares In Capital Of Vac-Tech Engineering Pte Ltd


Friday, 6 Jul 2012 06:44am EDT 

Mencast Holdings Ltd announced that with reference to the announcement made by the Company earlier (the Announcement) in relation to the proposed acquisition of 2,100,000 ordinary shares in the capital of Vac-Tech Engineering Pte Ltd (Vac-Tech), comprising 70.0% of the entire capital of Vac-Tech (the Vac-Tech Shares) (the Vac-Tech Acquisition). Unless otherwise defined, all capitalised terms used and not defined herein shall have the same meanings given to them in the Announcement. The Company now announced that Company has, on July 6, 2012, received the approval in-principle from the SGX-ST (the Approval In-Principle) in respect of the listing and quotation of the Consideration Shares on the Official List of the SGX-ST. The Approval In-Principle is subject to the following conditions: Compliance with the SGX-ST’s listing requirements; Submission of the following; a written undertaking from the Company that it will comply with Rule 803 of the Listing Manual; and a written undertaking from the Company that it will not issue the Consideration Shares to persons prohibited under Rule 812(1) of the Listing Manual. 

Company Quote

0.605
0.0050 +0.83%
17 Apr 2014