| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | SIM SIANG CHOON LIMITED |
| Company Registration No. | 199905693M |
| Announcement submitted on behalf of | SIM SIANG CHOON LIMITED |
| Announcement is submitted with respect to * | SIM SIANG CHOON LIMITED |
| Announcement is submitted by * | KWAN WENG KWONG |
| Designation * | DIRECTOR |
| Date & Time of Broacast | 31-Mar-2009 21:16:48 |
| Announcement No. | 00177 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | MEMORANDUM OF UNDERSTANDING ("MOU") FOR THE PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CHASE PERDANA BERHAD ("CHASE PERDANA") - LAPSE OF TERM OF THE MOU |
| Description | The board of directors (the "Board") of Sim Siang Choon Ltd (the "Company") refers to: (a) the announcement dated 25 July 2008 in relation to the Company's entry into the MOU with Empire Holdings Ltd ("Empire Holdings"), the controlling shareholder of Chase Perdana, and the resulting control by Empire Holdings of the Company; (b) the announcement dated 13 October 2008 in relation to the Company's entry into a supplemental agreement dated 13 October 2008 with Empire Holdings for an extension of the term of the MOU; (c) the announcement dated 2 January 2009 in relation to the Company's entry into a second supplemental agreement dated 2 January 2009 with Empire Holdings for a further extension of the term of the MOU to 24 March 2009; and (d) the announcement dated 6 January 2009 in relation to the Company's reasons for a further extension of the term of the MOU. Further to the abovementioned announcements, the Board would like to inform the shareholders of the Company (the "Shareholders") that the term of the MOU has since lapsed. The Company continues to explore business opportunities and will make further announcements in relation thereto, as and when appropriate. However, there is no assurance that suitable or appropriate opportunities can be successfully pursued or consummated. Accordingly, Shareholders are advised to exercise caution when trading in the shares of the Company. |
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