OTHERS K-STAR SPORTS LIMITED ("K-STAR" OR "COMPANY") PROPOSED CAPITAL REDUCTION

K-STAR SPORTS LIMITED

Type Announcement
Subject OTHERS
Description
K-STAR SPORTS LIMITED ("K-STAR" OR "COMPANY")

PROPOSED CAPITAL REDUCTION

We refer to the announcements made in relation to the Proposed Capital Reduction on 8 May 2018 and 5 June 2018 (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.

On behalf of the Board, Mercury Securities is pleased to announce that the Company has complied with all the requirements under Section 78C of the Act and that no application for the cancellation of the special resolution pertaining to the Proposed Capital Reduction passed at the Company’s extraordinary general meeting held on 27 June 2018 has been made.

The Company has accordingly lodged the documents required by the Accounting and Corporate Regulatory Authority of Singapore on 10 August 2018. Pursuant thereto, the Proposed Capital Reduction shall take effect and be deemed completed on 10 August 2018.

Following the completion of the Proposed Capital Reduction, the issued share capital of the Company is SGD20,239,985.64.

This announcement is dated 10 August 2018.






Announcement Info

Company Name K-STAR SPORTS LIMITED
Stock Name KSTAR
Date Announced 10 Aug 2018
Category General Announcement for PLC
Reference Number GA1-10082018-00024