Brief: ASTI Holdings Says Co Working On Cash Exit Offer Proposal For Dragon Group International's Shareholders

ASTI Holdings

01/11/2018 14:22

Nov 1 (Reuters) - ASTI Holdings Ltd  ATIH.SI :
    * UPDATES ON DIRECTED DELISTING OF AND PROPOSED EXIT OFFER
FOR
DRAGON GROUP INTERNATIONAL
    * CO IS CURRENTLY WORKING ON A CASH EXIT OFFER PROPOSAL TO
BE
ISSUED TO DRAGON GROUP INTERNATIONAL'S SHAREHOLDERS
    * AS CONTROLLING SHAREHOLDER OF DGI, COMPANY IS REQUIRED TO
MAKE
AN EXIT OFFER TO SHAREHOLDERS OF DGI
    * ON OCT 12, DGI'S APPLICATION FOR EXTENSION OF TIME TO MEET
FINANCIAL EXIT CRITERIA HAD BEEN REJECTED
    * DRAGON GROUP INTERNATIONAL WILL HENCE BE REQUIRED TO
DELIST FROM
MAIN BOARD OF SGX-ST

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ1dJXWD
Further company coverage:  ATIH.SI   DRGN.SI 

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