Brief: Emerging Towns & Cities Singapore Responds To SGX Queries On Operations In Myanmar

Emerging Towns & Cities Singapore

02/03/2021 18:26

March 2 (Reuters) - Emerging Towns & Cities Singapore Ltd
 EMER.SI :
    * RESPONDS TO QUERIES BY SGX ON MATTERS PERTAINING TO CO'S
OPERATIONS IN MYANMAR
    * IN ITS DEALINGS RELATING TO GL, GOLDEN CITY PROJECT, CO
ADHERED
TO & COMPLIED WITH NECESSARY LOCAL LAWS, REGULATIONS
    * AS AT MARCH 2, THERE ARE NO SANCTIONS AGAINST CO OR ANY OF
ITS
BOARD MEMBERS
    * CO'S BUSINESS OPERATIONS, ALTHOUGH AFFECTED, CONTINUE TO
OPERATE
    * NOT CURRENTLY LOOKING INTO ANY OTHER FUND RAISING
ACTIVITIES
OTHER THAN WHAT HAS ALREADY BEEN ANNOUNCED ON 13 JAN
    * VOLUNTARILY DECIDED TO CONVERT TRADING HALT INTO A
SUSPENSION IN
TRADING OF ITS SECURITIES
    * TO ENGAGE WITH INDEPENDENT PROFESSIONAL TO REVIEW
CONTRACTUAL
PAYMENTS TO MYANMAR GOVERNMENT MINISTRIES & DEPTS
    * THAT REQUEST FOR VOLUNTARY SUSPENSION BY CO SHOULD NOT BE
TAKEN
TO IMPLY THAT THERE'S ANY WRONG-DOING ON PART OF CO

Source text for Eikon:  ID:nSNZ6XNMf4 
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