HG METAL MANUFACTURING LIMITED Unless otherwise defined, capitalised terms used in this announcement shall bear the same meaning ascribed to them in the announcement of the Company on 8 October 2014 ("Announcement") relating to the placement ("Placement") of 213,600,000 new ordinary shares in the capital of the Company ("Placement Shares").
Further to the Announcement, the Board of Directors of HG Metal Manufacturing Limited ("Company") wishes to announce that the Company has on 21 October 2014 received in-principle approval ("AIP") from the SGX-ST for the listing of and quotation for the Placement Shares on the Main Board of the SGX-ST.
The AIP granted by the SGX-ST is subject to the following:
(a) compliance with the SGX-ST's listing requirements; and
(b) submission of the following documents:
(i) a written undertaking from the Company that it will comply with Rule 704(3) and Rule 1207(20) of the Listing Manual of the SGX-ST ("Listing Manual") in relation to the use of the proceeds from the Placement and where proceeds from the Placement are to be used for working capital purposes, the Company will disclose a breakdown with specific details on the use of proceeds for working capital in the Company's announcements on use of proceeds and in the annual report;
(ii) a written undertaking from the Company that it will comply with Rule 803 of the Listing Manual;
and
(iii) a written confirmation from the Company that it will not issue the Placement Shares to persons prohibited under Rule 812(1) of the Listing Manual.
The AIP from the SGX-ST is not to be taken as an indication of the merits of the Placement, the Placement Shares, the Company and/or its subsidiaries.
BY ORDER OF THE BOARD OF DIRECTORS OF
Foo Sey Liang
Executive Director
21 October 2014
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