News

Request For Suspension

BackJan 21, 2020
Announcement Title Request for Suspension
Date & Time of Broadcast Jan 21, 2020 7:47
Status New
Announcement Reference SG200121SUSPS6VN
Submitted By (Co./ Ind. Name) Gwendolyn Gn Jong Yuh
Designation Group Company Secretary
 
Narrative Type Narrative Text
Additional Text According to the Loss of Free Float Announcement issued on 27 December 2019 by DBS Bank Ltd. for and on behalf of Yanlord Investment (Singapore) Pte. Ltd. (the "Offeror"), the Offeror has, through acceptances of the UEL Ordinary Share Offer or otherwise, succeeded in holding more than 90% of the total number of UEL Ordinary Shares
Additional Text (excluding any UEL Ordinary Shares held in treasury), thus causing the percentage of the total number of UEL Ordinary Shares (excluding any UEL Ordinary Shares held in treasury) held in public hands to fall below 10%.
Additional Text Please refer to the announcement made by the Company on 27 December 2019 in relation to, inter alia, the loss of free float for further information.
Additional Text Rule 1303(1) of the Listing Rules provides, inter alia, that the SGX-ST may at any time suspend trading of the listed securities of an issuer if the percentage of an issuer's total number of issued shares excluding treasury shares held in public hands falls below 10%.
Additional Text In a take-over situation, where the offeror succeeds in garnering acceptances exceeding 90% of the issuer's total number of issued shares excluding treasury shares, thus causing the percentage of an issuer's total number of issued shares
Additional Text excluding treasury shares held in public hands to fall below 10%, the SGX-ST will suspend trading of the listed securities of the issuer only at the close of the take-over offer.
Additional Text As the UEL Ordinary Share Offer and the UEL Preference Share Offer have closed at 5.30 p.m. (Singapore time) on 20 January 2020, United Engineers Limited has accordingly requested the suspension of trading of its listed securities with effect from 9.00 a.m. on 21 January 2020.
Event Dates
Effective Date and Time of the Event With Immediate Effect

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