In the interests of orderly trading in the market, the Board of SGX Securities Trading Limited has declared Jade Technologies Holdings Ltd (Jade) a Designated Security with effect from 7 April 2008, and imposed the following condition:
“Any sale of Jade shares shall be prohibited unless the seller holds the Designated Security. A seller holds the security if, at the time of sale, he has the securities in an account maintained with CDP and produces satisfactory evidence that he owns sufficient quantities of the Designated Security in his securities account maintained with CDP. This condition is not applicable to the subsequent sale of shares that have been purchased on a contra basis.”
Shareholders who had accepted the Offer by Asia Pacific Links Limited will have their shares transferred back to their CDP accounts on Monday, 7 April 2008. These shareholders will be able to transact their shares.
The Exchange will monitor closely the trading in Jade and will continue to review the circumstances to see when it may be appropriate to revoke the declaration.