CHAPTER 10 OF THE CATALIST RULES. 6.1 Relative figures
(1) (2)
(a) Net asset value of the assets to be disposed of, compared with the Group's net asset value. 28.2%(3)
(b) Net profit attributable to the assets acquired or disposed of, compared with the Group’s net profits Not applicable(4)
(c) Aggregate value of the Transfer Sum given compared with the Company’s market capitalisation(5) of approximately S$162,640,784 based on the total number of issued shares in the Company, excluding treasury shares 5.1%(5)
(d) Number of equity securities issued by the Company as consideration for the Transfer of Properties, compared with the number of equity securities previously in issue Not applicable(6)
(e) The aggregate volume or amount of proved and probable reserves to be disposed of, compared with the aggregate of the Group’s proved and probable reserves Not applicable(7)
CHAPTER 10 OF THE CATALIST RULES. 5.1 Based on the Group's latest announced unaudited consolidated financial results for the six (6) months ended 30 September 2023 ("HY2024") and the Target's unaudited financial statements for the six (6) months ended 30 June 2023, the relative figures computed on the bases set out in Rule 1006 of the Catalist Rules in respect of the Proposed Acquisition are set out below:
(a) The net asset value of the assets to be disposed of, compared with the Group’s net asset value. Not applicable, as the Proposed Acquisition is not a disposal. 1006
(b) The net profits attributable to the assets acquired or disposed of, compared with the Group’s net profits. 34.8%(1) 1006(c) The aggregate value of the consideration given or received, compared with the Company’s market capitalisation based on the total number of issued shares excluding treasury shares. 16.70%(2) 1006(d) The number of equity securities issued by the Company as consideration for an acquisition, compared with the number of equity securities previously in issue. 3.47%(3) Rule Bases Relative Figure 1006(e) The aggregate volume or amount of proved and probable reserves to be disposed of, compared with the aggregate of the group’s proved and probable reserves. Not applicable, as the Company is not a mineral, oil and gas company.
(1) Based on the unaudited consolidated financial statements of the Group for HY2024, the net profits of the Group were approximately S$1,914,000. Based on the management accounts of the Target for the six (6) months ended 30 June 2023, the net profits of the Target were approximately S$665,323
(2) The Aggregate Consideration of S$8,800,000 is compared against the Company's market capitalisation of S$52,685,000, which is computed based on 257,000,000 Shares (excluding treasury shares) in issue and the volume weighted-average trading price of S$0.205 on 28 November 2023, being the last full trading day on the SGX-ST immediately prior to the date of the SPA.
(3) The amount of 8,910,891 Consideration Shares is compared against the 257,000,000 Shares (excluding treasury shares) currently in issue.
5.2 As the relative figures computed on the bases set out in Rules 1006(b) and 1006(c) exceeds 5% but does not exceed 75%, the Proposed Acquisition constitutes a discloseable transaction pursuant to Chapter 10 of the Catalist Rules.
5.3 In accordance with the SGX-ST's recommended practices in relation to diversification of business, if an issuer has not operated in a new business space and did n...
CHAPTER 10 OF THE CATALIST RULES. The Proposed Acquisition constitutes a “disclosable transaction” under Chapter 10 of the Catalist Rules. For further details on the relative figures in respect of the Proposed Acquisition computed on the bases set out in Rule 1006 of the Catalist Rules, please refer to Section 7 of this Announcement.
CHAPTER 10 OF THE CATALIST RULES. As none of the relative figures in relation to the Proposed Joint Venture computed on the applicable bases set out in Rule 1006 of the Catalist Rules exceeds 5%, the Proposed Joint Venture constitutes a “non-discloseable transaction” under Chapter 10 of the Catalist Rules.
CHAPTER 10 OF THE CATALIST RULES. The relative figures for the Proposed Acquisition, computed on the bases set out in Rule 1006 of Catalist Rules and based on the Group’s latest announced consolidated financial statements, being the unaudited interim financial statements for the nine months ended 30 September 2024, are set out below:
(a) Net asset value of the assets to be disposed of, compared with the Group's net asset value. This basis is not applicable to an acquisition of assets. Not applicable(2)
(b) Net profits attributable to the assets acquired or disposed of, compared with the Group’s net profits. Not applicable(3)
(c) Aggregate value of the consideration given or received, compared with the Company’s market capitalisation based on 16.09%(4) the total number of issued shares in the Company, excluding treasury shares.
(d) Number of equity securities issued by the Company as consideration for the Proposed Joint Venture, compared with the number of equity securities previously in issue. Not applicable(5)
(e) The aggregate volume or amount of proved and probable reserves to be disposed of, compared with the aggregate of the Group’s proved and probable reserves. Not applicable
