Asiaone 1-42
Asiaone 1-42
Asiaone 1-42
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GENERAL AND STATUTORY INFORMATION<br />
30. No property has been purchased or acquired or proposed to be purchased or acquired by our<br />
Company or its subsidiary which is to be paid for wholly or partly out of the proceeds of the<br />
issue of the New Shares or the purchase or acquisition of which has not been completed at the<br />
date of the issue of this Prospectus, other than property, the contract for the purchase or<br />
acquisition whereof was entered into in the ordinary course of business of our Company or its<br />
subsidiary, the contract not being made in contemplation of the Invitation nor the Invitation in<br />
consequence of the contract.<br />
31. The estimated amount of expenses in connection with the Invitation, including underwriting<br />
commission, placement commission, brokerage, management fee and other expenses in relation<br />
to the Invitation, is approximately $3.2 million. The underwriting commission, placement<br />
commission, Internet payment gateway fee and brokerage are payable by our Company. The<br />
other expenses in relation to the Invitation, including the management fee, the listing fee and<br />
other incidental fees payable to the SGX-ST for the listing application, are payable by our<br />
Company.<br />
32. No amount of cash or securities or benefit has been paid or given to any promoter within the<br />
two years preceding the date of this Prospectus or is proposed or intended to be paid or given<br />
to any promoter at any time.<br />
33. The Directors are not aware of any material information, including trading factors or risks,<br />
which are not mentioned elsewhere in this Prospectus, which is unlikely to be known or<br />
anticipated by the general public and which could materially affect the profits of our Company<br />
and its subsidiary.<br />
34. Save as disclosed in this Prospectus, the financial condition and operations of the Group are<br />
not likely to be affected by any of the following:-<br />
(a) known trends or demands, commitments, events or uncertainties that will result in or are<br />
reasonably likely to result in the Group’s liquidity increasing or decreasing in any material<br />
way;<br />
(b) material commitments for capital expenditure;<br />
(c) unusual or infrequent events or transactions or any significant economic changes that<br />
materially affected the amount of reported income from operations; and<br />
(d) known trends or uncertainties that have had or that the Group reasonably expects will<br />
have a material favourable or unfavourable impact on revenues or operating income.<br />
35. No Shares shall be allotted on the basis of this Prospectus later than six months after the date<br />
of this Prospectus.<br />
36. Our Company currently has no intention of changing the auditors of our Company and its<br />
subsidiary after the listing of our Company on SGX-ST.<br />
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