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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Yujin Int (DI) | LSE:YUJ | London | Ordinary Share | SG9999005946 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMYUJ
RNS Number : 1126S
Yujin International Ltd
15 March 2016
15 March 2016
Hot Features
Premium
yujin international ltd.
( the "Company")
COURT APPROVAL OF Proposed SCHEME to restructure the business
of YUJIN INTERNATIONAL LTD and its subsidiaries
The Company wishes to announce that the High Court of the Republic of Singapore (the "Court") has on 14 March 2016, sanctioned the proposed scheme (the "Scheme") to restructure the business of the Company and its subsidiaries and the Court's approval to convene said meeting pursuant to Section 210 (3) of the Companies Act, Cap 50 (the "Act"). Accordingly, the Company will lodge the Order of Court with the Accounting and Corporate Regulatory Authority of Singapore ("ACRA") which will, upon such lodgement take effect and be binding upon all members of the Company.
Under the Scheme, a distribution in specie of YHolding Shares is to be made to entitled shareholders. Such distribution can only take place after its lodgment with ACRA. The Company will therefore announce the distribution of YHolding Shares as appropriate in due course.
Following the distribution and the completion of the Scheme, in accordance with the AIM Rules, the Company will be categorised as an AIM Rule 15 cash shell, and as a consequence of which, the Company will be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 within six months of becoming an AIM Rule 15 cash shell.
The Company will continue to provide such updates as and when necessary.
BY ORDER OF THE BOARD
For further information please contact:
Yujin International Ltd. Tel: 00 (65) 6226 2963
Keen Whye LEE
Or visit www.yujininternational.com
Cantor Fitzgerald Europe
Rick Thompson / David Foreman / Michael Reynolds Tel: 020 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUVOWRNWAOARR
(END) Dow Jones Newswires
March 15, 2016 04:45 ET (08:45 GMT)
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