Rotary Engineering

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(19-01-2018, 07:22 PM)Temperament Wrote: And at VB itself.

Hi Temperament

In short both listed companies and unlisted follow the Companies Act of their particular domicile. The listing requirement just imposes more rules for the listed companies for fair and orderly trading in the public

For example if a company is not profitable for 3 years it may get delisted, but it won’t cease to be a company. The flip side is then if the company can’t be bothered to stay listed, there becomes a differing interest with OPMI. So naturally when a company wants to delist voluntarily or as we observe, flaunt requirements to be mandatorily delisted, OPMI will suffer generally unless one willing to follow through the major shareholders’ intention all the way. It is usually much more difficult to sell your shares to buyers without an exchange

In addition do note where is the company’s domicile ie incorporation. If it’s cayman or otherwise, they have different Companies Act.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
DBS, for and on behalf of the Offeror, has on 14 March 2018 completed the exercise of its right of Compulsory Acquisition under Section 215(1) of the Companies Act and now owns all the shares of Rotary Engineering Limited.

The company will be delisted from the SGX-ST with effect from 9.00 a.m. on 15 March 2018.
Specuvestor: Asset - Business - Structure.

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