Fabchem China : Update On Timeline For Completion Of Proposed Acquisition And Proposed Transactions
August 01, 2022 at 04:54 am IST
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FABCHEM CHINA LIMITED
(Company Registration No.: 200413128G)
(Incorporated in the Republic of Singapore)
UPDATE ON TIMELINE FOR COMPLETION OF THE PROPOSED ACQUISITION OF LINCOTRADE & ASSOCIATES PTE LTD AND THE PROPOSED TRANSACTIONS
PROPOSED TRADING HALT
Unless otherwise defined herein or the context otherwise lends itself, all capitalised terms and references shall bear the same meanings as defined in the circular to Shareholders dated 30 June 2022 ("Circular") in relation to, inter alia, the Proposed Acquisition, and the Company's announcements on SGXNET dated 30 June 2022 and 27 July 2022 (collectively, the "Announcements").
1. TIMELINE OF KEY EVENTS
The board of directors ("Board" or "Directors") of Fabchem China Limited ("Company") refers to the Circular and the Announcements and wishes to update Shareholders on the revised timeline for completion of the Proposed Acquisition and Proposed Transactions.
Completion of, inter alia, the Proposed Acquisition, Proposed Issuance of the Consideration Shares, Arranger Shares, FA Shares, Proposed Placement and Proposed Listing Transfer is now expected to take place on 3 August 2022 instead of 4 August 2022as stated at page 26 of the Circular.
Please refer to the indicative timetable below for further information:
Date
Day
Key Events
3 August 2022
Wed
•
Request for trading halt prior to market open (Please refer to
paragraph 2 below for more details)
•
Completion of the Proposed Acquisition, Proposed Allotment
and Issuance of Shares to Vendors, FA and Arranger,
Appointment of New Directors, Proposed Change of Name and
Proposed Adoption of New Constitution.
5 August 2022
Fri
•
Crediting of Shares by CDP into the securities accounts of
Vendors, FA, Arranger and successful placees for the
Proposed Placement.
•
Request for lifting of trading half after market close
8 August 2022
Mon
Commencement of trading under Lincotrade & Associates Holdings
Limited on the Catalist Board and the listing of the Consideration
Shares, FA Shares, Arranger Shares and Placement Shares.
Shareholders should note that while completion of the Proposed Change of Name and Proposed Listing Transfer will take place on 3 August 2022, the Proposed Change of Name and Proposed Listing Transfer will only take effect and be reflected on SGX's website at www.sgx.comon 8 August 2022.
TRADING HALT FOR PROPOSED TRANSACTIONS
The Board wishes to inform Shareholders that the Company will also be requesting for a trading halt to take effect prior to market open on 3 August 2022 to market close on 5 August 2022 to facilitate the completion of the Proposed Acquisition and Proposed Transactions.
FURTHER ANNOUNCEMENTS
The Company will make further announcements in relation to, inter alia, the Proposed Acquisition, Proposed Placement and Proposed Listing Transfer at the relevant time, as and when there are material developments.
CAUTIONARY STATEMENT
Shareholders and investors are advised that the Proposed Acquisition and the Proposed Transactions as disclosed in the Circular are subject to the satisfaction of the Conditions Precedent in the Agreement between the Company and the Vendor, and there is no certainty or assurance, as at the date of this announcement, as to whether they will be completed. Shareholders and investors should their stockbrokers, solicitors or other professional advisers if they have any doubts about the action they should take.
By Order of the Board
Fabchem China Limited
Wee Phui Gam
Acting Chairman and Lead Independent Director
1 August 2022
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Fabchem China Limited published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2022 23:23:04 UTC.
Lincotrade & Associates Holdings Limited, formerly Fabchem China Limited, is a Singapore-based investment holding company. The Company specializes in interior fitting-out services, additions and alterations (A&A) works, and other building construction services. The Company operates through three segments: Commercial, Residential and Showflats. Its Commercial segment is engaged in the provision of construction services to commercial premises, such as offices, hotels, shopping malls, and food and beverage establishments. Its Residential segment is engaged in the provision of construction services to residential premises, such as condominium developments. Its Showflats segment is engaged in building showflats and sales galleries. The Company's operations are primarily carried out in Singapore.