SGX-ST Release 24 January 2017
ANNOUNCEMENT PURSUANT TO RULE 704(17)(b) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITEDThe Board of Directors of Global Investments Limited wishes to announce the Group's aggregate cost of investment in quoted securities (which include equity and debt securities) as at 20 January 2017:
Before Acquisition (S$'000) | After Acquisition (S$'000) | |
Aggregate cost of the Group's quoted investments1 | 291,152 | 292,799 |
Aggregate cost of the Group's quoted investments as a percentage of the latest audited consolidated net tangible assets of the Group as at 31 December 2015 | 99.64% | 100.20% |
Total market value of the Group's quoted investments2 | 267,284 | 269,123 |
Amount of any provision for diminution in value of investments | 39,220 | 39,220 |
Audited consolidated net tangible assets of the Group as at 31 December 2015 | 292,214 | 292,214 |
1 The quoted investments include debt securities (such as collateralised loan obligations securities) listed on stock exchanges but the prices of which are not quoted. The aggregate cost of investments of such debt securities constitutes 84.88% of the latest audited net tangible assets of the Group as at 31 December 2015. The aggregate cost of all foreign currency denominated quoted investments is translated to Singapore dollars using the historical exchange rate at the acquisition date.
2 In computing the market value of the Group's debt securities which do not have regularly available quotes due to the lack of active market for such debt securities, the carrying value has been used to approximate their market value.
By order of the Board of Directors Date: 24 January 2017
Further Information:Boon Swan Foo Chairman
Global Investments Limited ir@globalinvestmentslimited.com
+65 6908 4477
About Global Investments Limited(http://www.globalinvestmentslimited.com)
Global Investments Limited ("GIL") is a mutual fund company incorporated in Bermuda that provides investors access to a diversified portfolio of assets and economic exposures. GIL is managed by Singapore Consortium Investment Management Limited.
Global Investments Ltd. published this content on 24 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 January 2017 10:10:05 UTC.
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