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MarketScreener Homepage  >  Equities  >  Singapore Catalist Market  >  GSS Energy Limited    41F   SG1AG6000007

GSS ENERGY LIMITED

(41F)
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Giken Sakata (S) Limited : REPLY TO QUERY REGARDING TRADING ACTIVITY

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03/12/2014 | 10:23pm EDT

GIKEN SAKATA (S) LIMITED (Incorporated in the Republic of Singapore) (Company registration No. 197903879W) (the "Company")

QUERY REGARDING TRADING ACTIVITY

The Directors refer to the query by SGX dated 11 March 2014.
Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 9 in Appendix 7A of the Catalist Rules for further examples.
- If yes, the information shall be announced immediately.
Answer : The Company has just been informed by its substantial shareholder, Miyoshi Precision Limited ("Miyoshi"), that it had sold it's entire shareholding of 69,911,600 shares in the Company today. This was approved by Miyoshi's shareholders at an EGM held on 7
March 2014 (Notice of EGM dated 20 February and results of EGM approving the sale of shares in Giken Sakata (S) Limited announced on 7 March 2014)
Miyoshi will be submitting the relevant information to the Company within the next 24 hours. We will then make the necessary announcement via SGXnet.
We also understand that Miyoshi will also be making an announcement on the share sale within the next 24 hours.
Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Answer : Aside from the answer to Question 1 above, the Company has announced on 11
March 2014, its receipt of a Listing and Quotation Notice relating to a proposed share subscription of 52 million new ordinary shares in the capital of the Company.
Save for the above, the Company is not aware of any other possible explanation for the trading.
Question 3: Can you confirm your compliance with the listing rules and, in particular, Catalist
Rule 703?.
Answer : The Company confirms it is in compliance with the listing rules, in particular with
Catalist Rule 703.
About the Company
The Company commenced its operations in Singapore in 1979 and was listed on SESDAQ in
1993. It transited to Catalist on 4th January 2010.
The Company and its subsidiaries (the "Group") are principally involved in the manufacturing and assembly of finished products and semi-finished components for the electronics industry, including medical equipment, audio-video products, office equipment, home appliances,
computer peripherals, sensory devices and factory automation devices. In addition to the assembly operations, the Group also manufactures precision microshafts, turned parts, plastic injection molded parts and multi-layered printed circuit board assemblies using surface-mounting technology.
In addition to the head office in Singapore, the Company also has operations in Indonesia and
China.
For more information about the Giken Group, please view our website at www.giken.com.sg
For more information. Please contact :
Ng Say Tiong
Chief Financial Officer Giken Sakata (S) Ltd Tel : 6259-9133
Fax : 6259-9822
Email : saytiong@giken.com.sg
This announcement has been prepared by the Company and its contents have been reviewed by the company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of Singapore Exchange Securities Trading Limited ("SGX-ST"). The Company's Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by SGX-ST and SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lui
Tel: (65) 6389 3000
Email: bernard.lui@stamfordlaw.com.sg

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