Rulebooks: Contents

Rulebooks
Mainboard Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Equity Securities
Chapter 3 Debt Securities
Chapter 4 Investment Funds
Chapter 5 Structured Warrants
Chapter 6 Prospectus, Offering Memorandum and Introductory Document
Chapter 7 Continuing Obligations
Chapter 8 Changes in Capital
Chapter 9 Interested Person Transactions
Chapter 10 Acquisitions and Realisations
Chapter 11 Takeovers
Chapter 12 Circulars, Annual Reports and Electronic Communications
Chapter 13 Trading Halt, Suspension and Delisting
Chapter 14 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Appendices
Appendix 8.2 Disclosure Requirements for Rights Issues or Bought Deals
Practice Notes
Report of the Committee and Code of Corporate Governance
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

  Versions
(2 versions)
 
Up to Sep 28 2011Sep 29 2011 onwards

Appendix 8.2 Disclosure Requirements for Rights Issues or Bought Deals

Cross-referenced from Rules 607, 814(1) and 1015(5)(d)

(1) Apart from providing the information prescribed by the law, an issuer that is required to comply with the abridged prospectus requirements in the SFA must also provide the information set out in paragraphs 3(a), (b) and, if applicable, (c) below.
(2) An issuer that is not required to comply with the abridged prospectus requirements in the SFA is required to provide the same disclosures in its offering circular as an issuer that is required to comply with the SFA. The issuer is also required to provide the information set out in paragraph (3)(a), (b), (d) and, if applicable, (c) below in its offering circular.
(3) The following information must be included in the abridged prospectus or offering circular, where applicable, OR announced separately before trading of nil-paid rights commences:—
(a) On the cover page of abridged prospectus or offering circular:—

Either (i) and (ii), or (iii) as applicable:—
(i) a statement that the issuer has made an application to SGX-ST for permission to list the securities which are the subject of the rights issue or bought deal and that acceptance of applications will be conditional upon issue of the securities and SGX-ST's approval being granted to list the securities;
(ii) a statement that monies paid in respect of any application accepted will be returned if permission is not granted;
(iii) a statement that approval in-principle has been obtained from SGX-ST for listing of new securities arising from the rights issue or bought deal, which will commence after all securities certificates have been issued and the allotment letter from the CDP has been dispatched.
Both (iv) and (v):—
(iii) a statement that the approval in-principle granted by SGX-ST is not to be taken as an indication of the merits of the issue, the issuer, its subsidiaries or the securities.
(iv) a statement that SGX-ST assumes no responsibility for the accuracy of any of the statements made, reports contained and opinions expressed in this document.
(b) Working Capital

A review of the working capital for the last three financial years and the latest half year, if applicable.
(c) Convertible Securities
(i) Where the rights issue or bought deal involves an issue of convertible securities, such as company warrants or convertible debt, the information in Rule 832;
(ii) Where the rights issue or bought deal is underwritten and the exercise or conversion price is based on a price-fixing formula, to state that the exercise or conversion price must be fixed and announced before trading of nil-paid rights commences.
(d) Responsibility Statement by the Financial Adviser

A responsibility statement by the financial adviser in the form set out in paragraph 3.1 of Practice Note 12.1.

Amended on 29 September 2011.