In-Principle Approval From The Singapore Exchange Securities Trading Limited ("SGX-ST") For The Application And Listing Of Bonus Shares
On 23 February 2005, Hyflux Ltd (the "Company") announced a proposed bonus issue of new ordinary shares of S$0.05 each in the capital of the Company ("Bonus Issue") on the basis of one (1) new ordinary share ("Bonus Share") for every two (2) existing ordinary shares held by the shareholders the Company at the books closure date to be determined by the Directors (the "Books Closure Date"), fractional entitlements being disregarded. The actual number of Bonus Shares that will be issued by the Company will depend on the total issued share capital of the Company as at the Books Closure Date.
The Company is pleased to announce that on 7 July 2005, the Company has obtained in-principle approval from the SGX-ST in respect of the Bonus Issue of up to 171,596,917 new ordinary shares or S$0.05 each in the capital of the Company and the listing and quotation of the Bonus Shares arising from the proposed Bonus Issue.
The in-principle approval from SGX-ST is not to be taken as an indication of the merits of Bonus Issue.