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Anwell: Liquidators Applied To Be Delisted, Distribution To Shareholders Remote.

23 Jan 2019 18:03

As Anwell Technologies Limited is in liquidation and does not have the necessary means to continue listing its shares on the SGX-ST, the Liquidators have formally applied to the SGX-ST on 3 January 2019 for the delisting of the Company. Following the delisting, The Central Depository (Pte) Limited will no longer be holding the share certificates on behalf of the shareholders. The Company will make further announcement to keep its shareholders informed on the return of physical certificates in due course. Meanwhile, in view that all the subsidiaries of the Company are currently insolvent, the Company being an investment holding company has negligible realisable assets and significant debts due to corporate guarantees provided for the subsidiaries, any distribution to shareholders are remote at this juncture...

Attachments:

• Anwell_-_Delisting_of_the_Company_230119.pdf

Source: ShareInvestor Express