Net Tangible Asset. “NTA”) per Share For illustrative purposes only, assuming the Proposed Disposal had been effected on 31 December 2020 and based on the latest audited consolidated financial statements of the financial year ended 31 December 2020 (“FY2020”), the proforma financial effect of the Proposed Disposal on the Company’s NTA per Share would be as follows: Before the Proposed Disposal After the Proposed Disposal NTA (1) (S$’000) 2,983 4,405 Number of Shares (excluding treasury shares) 27,570,762,183 27,570,762,183 NTA per share (Singapore Cents) 0.011 0.016 Note:
Net Tangible Asset. The Purchaser or Pubco shall have consolidated net tangible assets of at least $5,000,001 (as calculated and determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) either immediately prior to the Closing (after giving effect to the Redemption) or upon the Closing after giving effect to the Mergers (including the Redemption), or Pubco otherwise is exempt from the provisions of Rule 419 promulgated under the Exchange Act (i.e. one of several exclusions from the “pxxxx stock” rules of the SEC applies and the Purchaser relies on another exclusion).
