News / ニュース

Apr 14, 2022
Comments on Reenova’s announcement regarding its application for extension of time to submit proposal for resumption of trading

On 11 April 2022, Reenova Investment Holdings Limited (“Reenova”) announced that it had applied to Singapore Exchange Regulation Pte. Ltd. (the “SGX RegCo”) for an extension of time to submit its proposal for resumption of trading of its shares on the Singapore Exchange Mainboard. The reason is delays to the valuation of 3DOM (Singapore) Pte. Ltd (“3PL”) by EY Corporate Advisors Pte. Ltd. (“EYCA”) due to deliberations on the scope of 3PL’s business that will be valued in the valuation report.
The SGX RegCo has informed Reenova that it had no objection to granting a further extension of time under Mainboard Listing Rule 1304(1) of up to 31 July 2022 for the purpose of making its submission in relation to the proposed acquisition of 3PL (the “Proposed Acquisition”) and reverse takeover (RTO) and to resume trading of its shares no later than 31 July 2022.
For details, please refer to the announcement released by Reenova on 11 April 2022.
We will continue to work with Reenova toward the prompt completion of the Proposed Acquisition.

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