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.
Strategically, the Company has been evaluating corporate financing alternatives to help strengthen its capital structure. Internally, the Group will also continue to make financial planning and cost-reduction efforts to improve its overall financial position.
For more information in relation to the latest financial performance of the Group, please refer to the unaudited financial statements for the third quarter ended 30 September 2018 released separately today.
The Board will continue to pursue other various options available to the Company to meet the MTP requirements for its removal from the MTP watch-list within 36 months from 5 June 2017. The Board will make further announcements to update shareholders as and when there are any material subsequent developments.
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。