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.
The Company continues its best efforts to improve and strengthen the Group’s profitability and financial position. The recent completion of the proposed acquisition of Wisma Majuniaga Sdn Bhd would be one of the initial steps to fortify stronger shareholders’ and potential investors’ confidence.
In addition, the Company will persevere in raising its profile and communication intensity with shareholders and potential investors for their continual support.
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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2017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。
本公司將持續努力改善及加強本集團的盈利能力及財務狀況。於近期完成之Wisma Majuniaga Sdn Bhd擬議收購案亦是鞏固與加強股東及潛在投資者對公司之信心的初始步驟之一。
此外，公司將在其形象及與股東和潛在投資者的溝通力度上多方努力加强，爭取他們長久的支持。