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04 Jun 2025

Request for Suspension::Mandatory

Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
FUXING CHINA GROUP LIMITED
Security
FUXING CHINA GROUP LIMITED - BMG3705H2069 - AWK

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
04-Jun-2025 07:30:42
Status
New
Announcement Reference
SG250603SUSPB32F
Submitted By (Co./ Ind. Name)
Hong Qing Liang
Designation
Executive Chairman
Narrative Type
Narrative Text
Additional Text Given that the 18,750,000 Underlying Shares have been issued and are currently listed and quoted on the Mainboard of the SGX-ST while the trading of the ADSs has yet to commence, the Company is exploring possible options to ring-fence
Additional Text the 18,750,000 Underlying Shares and put in place sufficient safeguards preventing such Underlying Shares from being traded on the SGX-ST until such time where all conditions for the Proposed NASDAQ Listing and the ADS Offering is fulfilled.
Additional Text In light of the above, the Company has requested for the conversion of the trading halt to a voluntary suspension and will make an application for resumption of trading when the issue relating to the 18,750,000 Underlying Shares have been resolved.
Additional Text Further details will be provided in an update announcement to be released shortly.

Event Dates

Effective Date of the Event
With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.