Request For Suspension :: Mandatory
BackApr 23, 2015
| Announcement Title | Request for Suspension |
| Date & Time of Broadcast | Apr 23, 2015 7:46 |
| Submitted By | Lim Ka Bee Company Secretary |
| Stock Name | UNITED FIBER SYSTEM LIMITED (AUE) |
| Event Dates | |
| Effective Date and Time | With Immediate Effect |
| Event Details | |
| Capitalised terms used herein shall have the definitions ascribed to them in the circular issued by the Company dated 30 January 2015 ("Circular") and RTO Completion Announcement (as defined below), unless otherwise stated or the context otherwise requires.The Board of Golden Energy and Resources Limited (formerly known as United Fiber System Ltd) ("Company") refers to the Circular and the Company s announcement dated 20 April 2015 ("RTO Completion Announcement") relating to, inter alia, the Post- Completion Placement.The trading suspension is made for the purpose of effecting the Post- Completion Placement to be undertaken, details of which are set out in the Circular and the RTO Completion Announcement.The SGX-ST has permitted the Company up to one (1) month from the date of suspension, to complete the Post-Completion Placement to fulfil the Minimum Spread Requirements prior to trading of the Company's securities.Trading of the Shares on the SGX-ST, including those trading on the SGX-ST's unit share market, will be suspended from 9.00 a.m. on 23 April 2015, until such time when the Minimum Spread Requirements are met.An application to the SGX-ST to lift the suspension will be made upon completion of the Post-Completion Placement and satisfaction of the Minimum Spread Requirements.The Company will make such announcement(s) as may be necessary and/or appropriate on the suspension of trading and resumption of trading of the Company's Shares on the SGX-ST or otherwise in due course.RHB Securities Singapore Pte. Ltd. (formerly known as DMG & Partners Securities Pte Ltd) was the financial adviser to the Company for the acquisition of 66.9998% of the issued and paid-up share capital of PT Golden Energy Mines Tbk (the "Financial Adviser").The Financial Adviser has not reviewed this announcement and assumes no responsibility for the contents of this announcement. | |