Receipt of Approval-in-Principle for Proposed Acquisition of Wisma Majuniaga Sdn Bhd / WISMA MAJUNIAGA SDN BHD之擬議收購案 – 接獲原則上批准
The Board of Directors (the “Board” or the “Directors”) of Regal International Group Ltd. (the “Company”, and together with its subsidiaries, the “Group”) refers to the Company’s announcement dated 21 July 2017 (the “Announcement”) in relation to the proposed acquisition of the entire issued and paid up share capital of Wisma Majuniaga Sdn Bhd (the “Target”) by the Company’s wholly-owned subsidiary, Temasek Regal Capital Sdn Bhd (the “Purchaser”) from Twin Revenue Sdn Bhd (the “Vendor”) (the “Acquisition”). Capitalised terms not defined herein shall have the same meanings as ascribed to them in the Announcement.
The Board is pleased to announce that the Company has on 5 October 2017, received the approval in-principle (the “AIP”) from the SGX-ST in respect of the listing and quotation of up to 24,803,192 Consideration Shares, subject to:
(a) the Company’s compliance with the SGX-ST’s listing requirements; and
(b) Announcement of the 6-month moratorium on the Consideration Shares and full details of the sharing of revenue and costs with the Vendor for the development of the Project Land.
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Regal International Group Ltd. (簡稱“公司”) 的董事會 (簡稱“董事會”) 茲提述公司先前於2017年7月21日所發佈之公告 (簡稱“公告”)，有關公司擬議以其全資子公司Temasek Regal Capital Sdn. Bhd. (簡稱 “買方”) 之名義向Twin Revenue Sdn. Bhd. (簡稱 “出售方”) 收購Wisma Majuniaga Sdn Bhd (簡稱 “目標”) 所有繳足之已發行股本進行全面收購 (簡稱“收購案”)。本文告未定義之詞彙與公告中所載，具相同涵義。
董事會謹此宣布公司已於2017年10月5日，就配發及發行24,803,192對價股，獲得新加坡證券交易所之原則上批准 (簡稱“原則上批准”) ，並須符合下列條件：
(a) 謹遵新加坡證券交易所之上市條規；及
(b) 公告對價股於6個月内不可抛售的限制及披露與出售方因開發項目土地所致的收益及成本共享所有細節。
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