Quarterly Update Pursuant To Rule 1313 (2) Of The Listing Manual/ 依據上市手冊第1313 (2) 條規之季度匯報
The Board of Directors (the “Board”) of Regal International Group Ltd. (the “Company”) together with its subsidiaries (the “Group”) refers to its announcement dated 4 June 2017 that the Company was placed on the watch-list due to the Minimum Trading Price (the “MTP”) Entry Criterion with effect from 5 June 2017.
Rule 1313(2) of the Listing Manual of Singapore Exchange Limited (the “SGX”) requires the Company to provide a quarterly update on its efforts and progress made in meeting the exit criteria of the MTP watch-list, including where applicable its financial situation, its future direction, or other material development that may have a significant impact on its financial position.
Following the steps to improve the Company’s business activities which had been commenced last year, the Company is continue putting its best efforts to improve the Group’s profitability and further strengthen the financial position of the Group so as to fortify stronger shareholders’ and potential investors’ confidence and be able to yield a better return to shareholders for their investments in the Company. Furthermore, the Company is exploring to raise its profile among potential investors and enhance its communications with shareholders. In this context, the proposed acquisition of Wisma Majuniaga Sdn Bhd as announced on 21 July 2017 underlines the Company’s attempt to strengthen its financial position.
Regal International Group Ltd. (簡稱 “公司”及旗下所有子公司統稱“集團”) 的董事會 (簡稱 “董事會”) 茲提述公司先前於2016年6月4日，有關公司於2017年6月5日起按最低交易價 (簡稱“MTP”) 准入標準將其列入觀察名單所發佈之公告。
依據新加坡證券交易所 (簡稱 “SGX”) 上市手冊第1313 (2) 條規規定，公司需就脫離MTP的觀察名單所做之努力與進展，包括其財務狀況、未來方向或任何其他可能對其財務狀況產生重大影響之重大發展，提供季度匯報。
公司自去年開始多方增進其業務績效，亦將持續以提升集團整體獲利性與進一步鞏固本集團財務狀況爲目標，盡其最大的努力，加强股東與新投資人之信心，爲公司股東之投資爭取更高的回報。此外，公司也致力改善與股東們的溝通渠道，並多方嘗試提升公司於新投資人之印象。以此類推，於2017年7月21日公佈，擬收購Wisma Majuniaga Sdn Bhd之企劃亦彰顯了公司欲加強其財務狀況的企圖心。