Share Consolidation::Mandatory
Issuer & Securities
Issuer/ ManagerNEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
SecurityNEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07
Announcement Details
Announcement Title Share Consolidation
Date & Time of Broadcast01-Mar-2016 19:06:01
StatusNew
Corporate Action ReferenceSG160301SPLR4BDK
Submitted By (Co./ Ind. Name)Ku Vicente. S
DesignationManaging Director and Chief Executive Officer
Event Narrative
Narrative TypeNarrative Text
Additional Text(A) EXTENSION OF TIME TO MEET THE MINIMUM TRADING PRICE REQUIREMENT OF S$0.20 ("MTP REQUIREMENT")
Additional Text(B) PROPOSED SHARE CONSOLIDATION OF EVERY HUNDRED (100) EXISTING ISSUED ORDINARY SHARES IN THE CAPITAL OF NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED HELD BY SHAREHOLDERS AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, INTO ONE (1) ORDINARY SHARE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE "PROPOSED SHARE CONSOLIDATION")
Disbursement Details
Existing Security Details
New Security Details
Security not foundNo
Distribution Ratio (New: Old) 1:100
Attachments
Extension.pdf
Total size =65K
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