AMTD International Inc.: SGX Rule 210(1)(B)(I) Disclosure
AMTD International has announced its strategy to conduct a future placement of Class A Shares in Singapore. Following its secondary listing on SGX-ST on 8 April 2020, the Company has requested an extension from SGX-ST to complete this offering by 7 April 2022. The SGX-ST has indicated no objections to the extension. This move aligns with AMTD's corporate development and capital management strategy.
- SGX-ST has no objections to the extension request.
- The offering aligns with AMTD's strategic plan for corporate development.
- The original deadline for the offering was extended, indicating potential delays in capital raising.
AMTD International Inc. (“AMTD International” or the “Company”) (NYSE: HKIB; SGX: HKB), a NYSE and SGX-ST dual-listed company, has previously undertaken to conduct future placement through an offering of Class A Shares in Singapore (with such Class A Shares to be held through CDP) within 12 months from the date of its secondary listing on the Mainboard of the SGX-ST on 8 April 2020 following rule 210(1)(B)(I) of SGX-ST.
As part of the Company’s overall strategy plan for corporate development and capital management activities, the Company has applied to the SGX-ST, and the SGX-ST has no objection to grant the Company, for an extension of time to conduct an offering of Class A Shares in Singapore (with such Class A Shares to be held through CDP) by no later than 7 April 2022.
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