Ecowise issues answers to SGX queries

SGX probes the fat increases in share volumes.

According to an SGX release, Ecowise said that it is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which may explain for the trading activity.

"Generally, the Company has been from time to time in negotiations with various parties in relation with potential investments and mergers and acquisitions. Currently, the Company is exploring the possibility of acquiring an environmental solutions plant (the “Potential Acquisition”). However, no negotiation is finalised at this moment.

As and when any negotiation materialises, the Company will make the necessary announcements. If materialised, the Potential Acquisition may be classified as a major transaction requiring shareholders’ approval, pursuant to the provisions of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Shareholders and potential investors are advised to continue to exercise caution when dealing in the Company's shares," it added.

It also admitted that the Company is not aware of any other possible explanation to the above probe, and it confirms that it is in compliance with the listing rules and, in particular, listing rule 703.

Also Read

Institution of Engineers sets up new board to promote faster chartership registration

Hanwha raises offer to $0.67 to acquire full control of Dyna-Mac Holdings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit