Is it normal that a company will warn shareholders to exercise caution in trading of the shares of the company?
I don't see this statement in Albedo which had a failed RTO.
http://infopub.sgx.com/FileOpen/HanKore_...eID=294876
FRAMEWORK AGREEMENT FOR THE PROPOSED ACQUISITION BY THE COMPANY OF
ASSETS IN THE ENVIRONMENTAL WATER SECTOR – EXTENSION OF EXCLUSIVITY PERIOD
The board of directors ("Directors") of the Company refers to the announcement dated 30 December
2013 with respect to the Framework Agreement entered into between the Company and China
Everbright Water Investments Limited in relation to the Proposed Acquisition ("Framework
Agreement Announcement"). All capitalised terms used and not defined herein shall have the same
meanings given to them in the Framework Agreement Announcement.
The Board wishes to announce that the Parties have on 30 April 2014 agreed to
extend the
Exclusivity Period to 31 May 2014. Save for such extension, all terms and conditions of the
Framework Agreement continue to be binding on the Parties.
Further announcements on the Proposed Acquisition will be made in due course as and when
appropriate.
Shareholders and potential investors are advised to exercise caution when dealing or trading
in the shares of the Company as there is no certainty or assurance that: (i) the Definitive
Agreements will be entered into; (ii) the final terms of the Definitive Agreements with respect
to the Proposed Acquisition will not change from that in the Framework Agreement; and (iii)
the Proposed Acquisition will be proceeded with. Shareholders and potential investors should
consult their stockbrokers, bank managers, solicitors or other professional advisers if they
have any doubt about the actions they should take.