Relative Figures definition
Relative Figures. The relative figures computed on the basis set out in Rule 1006 of Chapter 10 of the Listing Manual in relation to the Proposed Transactions are as follows: The Proposed Transactions (S$'000) The Group (S$'000) %
(a) Net asset value of the assets to be disposed of, compared with the group's net asset value as at 31 December 2011 This basis of computation is not applicable as there is no disposal of assets
(b) The net profits attributable to the assets acquired compared with the Group's net profits for the financial year ended 2011(S$’000) -(1) 7,969 Not meaningful
(c) The aggregate value of the consideration given compared with the Company's market capitalization as at 3 April 2012, being the market day immediately preceding the date of the Subscription Agreement 36,960 102,072(2) 36.2%
(d) The number of equity shares issued by the Company as consideration for an acquisition, compared with the number of equity securities previously in issue This basis of computation is not applicable as no equity shares will be issued
(1) Nil because SEPL was incorporated only on 14 March 2012.
(2) The market capitalisation of the Company was determined by multiplying the number of issued shares, being 422,658,100 ordinary shares (excluding 4,310,000 treasury shares currently held by the Company) by the weighted average price of such shares transacted on 3 April 2012 of S$0.24150 per share, being the market day immediately preceding the date of the Subscription Agreement.
Relative Figures. For the same reasons as set forth in the sub-section on “Financial Effects and Benchmarking”, the Judicial Managers do not presently propose disclosing the relative figures under Rule 1006 of the Listing Manual for the proposed Transfer. The implementation of the Transfer would nonetheless be subject to the approval of Creditors, Shareholders and also the SGX-ST, and in the case of the Creditors and Shareholders, after having the benefit of understanding the terms and implications of the Transfer based on the information presented in the Scheme Documents and the Information Memorandum, as applicable.