Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. Capital World Limited
  6. News
  7. Summary
    1D5   KYG8763X1189

CAPITAL WORLD LIMITED

(1D5)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

General Announcement::Non Issuance of Sustainability Report for the Financial Year Ended 30 June 2020

08/13/2021 | 09:22am EDT

CAPITAL WORLD LIMITED

(Incorporated in the Cayman Islands)

(Company Registration No.: CT-276295)

NON ISSUANCE OF SUSTAINABILITY REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020

The Board of Directors (the "Board" or the "Directors") of Capital World Limited (the "Company", and together with its subsidiaries, the "Group") wishes to announce that the Company will not be issuing its sustainability report for the financial year ended 30 June 2020 ("FY2020") for the following reasons:

Since 17 February 2020, the Company has been undergoing a court-supervised restructuring for Scheme of Arrangement pursuant to Section 211I of the Companies Act (Cap. 50) (the "Scheme") which has been sanctioned by the Court on 24 June 2021. The Company is currently in the process of implementing the Scheme to reorganise the Group's debts.

Capital City Property Sdn. Bhd. (the "CCPSB"), a wholly-owned subsidiary of the Company, had been placed under judicial management by the High Court of Malaya, Kuala Lumpur, Malaysia (the "Malaysia Court") pursuant to Section 405 of the Malaysia Companies Act 2016 on 13 March 2020. CCPSB's judicial manager, CRS Corporate Services Sdn Bhd is currently implementing the proposed restructuring of the liabilities of CCPSB.

The Group's other wholly owned subsidiary, CEP Resources Sdn Bhd ("CEP") which is in mining business has temporarily ceased operation since November 2020 mainly due to the Movement Control Orders enforced by Malaysia's government since the start of the Covid 19 pandemic.

The Group's ability to continue as a going concern is dependent mainly on the outcome of the successful implementation of the Scheme, the restructuring of CCPSB and resumption of operations of CEP. Apart from the aforementioned, the Group does not have other operations.

In view of the circumstances above, the Board is of the view that the Group does not have any substantial operations in FY2020 and will not be able to meaningfully issue its sustainability report for FY2020 as required under Rule 711A of the Catalist Rules. As announced on 24 June 2021, the Company expects to be in a position to issue the sustainability report for financial year ended 30 June 2021 by 16 January 2022.

Trading in the Company's securities on the SGX-ST has been voluntarily suspended by the Company on 14 February 2020. The Company will make further announcements as appropriate or when there are any material developments.

Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders and potential investors should note that there is no certainty or assurance that the shares of the Company will eventually resume trading on the SGX-ST Shareholders should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.

By Order of the Board

CAPITAL WORLD LIMITED

Siow Chien Fu

Executive Director and Chief Executive Officer

13 August 2021

This announcement and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange"). The Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Disclaimer

Capital World Ltd. published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 13:21:07 UTC.


ę Publicnow 2021
All news about CAPITAL WORLD LIMITED
09/30FINANCIAL STATEMENTS AND RELATED ANN : :Third Quarter Results
PU
09/30GENERAL ANNOUNCEMENT : :Minutes of Annual General Meeting held on 31 August 2021
PU
09/22FINANCIAL STATEMENTS AND RELATED ANN : :Second Quarter and/ or Half Yearly Results
PU
09/19FINANCIAL STATEMENTS AND RELATED ANN : :First Quarter Results
PU
08/31GENERAL ANNOUNCEMENT : :Updates Pursuant to Rule 704(22) of the Catalist Rules
PU
08/30GENERAL ANNOUNCEMENT : :Response to Queries Raised by the Securities Investors Association..
PU
08/13GENERAL ANNOUNCEMENT : :Non Issuance of Sustainability Report for the Financial Year Ended..
PU
08/02GENERAL ANNOUNCEMENT : :Entering into Settlement Agreement - Achwell Property Sdn Bhd and ..
PU
07/16CAPITAL WORLD : Attributable Loss Widens in Fiscal 2020
MT
07/15Capital World Limited Reports Earnings Results for the Full Year Ended June 30, 2020
CI
More news
Financials
Sales 2020 3,09 M 0,74 M 0,74 M
Net income 2020 -152 M -36,7 M -36,7 M
Net Debt 2020 41,4 M 9,96 M 9,96 M
P/E ratio 2020 -0,06x
Yield 2020 -
Capitalization 27,3 M 6,80 M 6,57 M
EV / Sales 2019 0,99x
EV / Sales 2020 22,2x
Nbr of Employees -
Free-Float 22,9%
Chart CAPITAL WORLD LIMITED
Duration : Period :
Capital World Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Chien Fu Siow Chief Executive Officer & Executive Director
Chai Chong Low Non-Executive Chairman
Kian Thong Lim Lead Independent Non-Executive Director
Kwong Fai Lam Independent Non-Executive Director
Choo Tan Ler Non-Independent Non-Executive Director