Skip to Content

Wednesday, November 13th, 2019

Advance SCT : MISCELLANEOUS :: NOTICE OF MEETINGS TO CONSIDER SCHEME OF ARRANGEMENT

Closed
by April 13, 2016 General

Microsoft Word – 160414 – ASCT Notice of Creditors Meeting NOTICE OF MEETINGS
IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE
Originating Summons No. 116 of 2016
In the Matter of Part VII, Section 210 of the Companies Act (Cap. 50, 2006 Rev. Ed.)
And
In the matter of ADVANCE SCT LIMITED (Company Registration No. 200404283C)
NOTICE OF MEETINGS TO CONSIDER SCHEME OF ARRANGEMENT
NOTICE IS HEREBY GIVEN that Meetings of the creditors (“Meetings”) of Advance SCT Limited (the “Company”) will be held at the Office of Characterist LLC, Meeting Room 1, 190 Middle Road #15-01, Fortune Centre, Singapore 188979, on 29 April 2016, 3.00 p.m. for the purpose of considering and, if thought fit, approving (with or without modification) the Scheme of Arrangement (the “Scheme”) dated 12 April 2016 proposed to be made pursuant to Section 210 of the Companies Act, Chapter 50 of Singapore between (1) the Company and (2) the Scheme Creditors (both terms as defined in the Scheme) and any other incidental matters.
The said Meetings are convened pursuant to an Order of Court dated 29 March 2016.
The Scheme of Arrangement, the Explanatory Statement, and the Proxy Forms, required to be furnished pursuant to Section 211 of the Companies Act, Chapter 50 of Singapore are incorporated in the printed document (the “Scheme Document”). Copies of the Scheme Document have been served by hand, courier, prepaid post, registered post, hand delivery or email addressed to each creditor of the Company at his registered or last known address or email address. Any person entitled to attend the said Meetings can also obtain copies of the said Scheme of Arrangement, the Explanatory Statement and Proxy Forms at the office of the said Company situated at 9 Temasek Boulevard #41-01, Suntec Tower Two, Singapore 038989, or online at the following website: http://www.advancesct.com/ir_newsroom.html
For the purpose of participating and voting at the Meetings, every creditor of the Company shall lodge its Proof of Debt (as defined in the Scheme) in respect of its Claims (as defined in the Scheme) against the Company with the Scheme Manager (as defined in the Scheme) at DHA+ PAC (Attn: Mr Don Ho), 63 Market Street #05-01A, Bank of Singapore Centre, Singapore 048942 (the “Specified Address”), by 3.00 p.m. on 27 April 2016 in accordance with the Explanatory Statement and the Scheme.
Creditors who do not file their Proofs of Debt in respect of their Claims against the Company by3.00 p.m. on 27 April 2016 with the Scheme Manager at the Specified Address will not be entitled to vote at the Meetings and will not be entitled to any entitlements under the Scheme and such part of their Claims against the Company shall be compromised and waived under the Scheme.Creditors may vote in person at the Meetings or they may appoint another person, whether a creditor of the Company or not, as their proxy to attend and vote in their stead.
Forms appointing proxies shall be lodged at the Specified Address by no later than 3.00 p.m. on 28 April 2016.
The Chairman of the Company will act as Chairman of the Meetings and will report the results of the Meetings to the Court.
If a majority in number representing three-fourths in value of the Scheme Creditors present and voting either in person or by proxy at the Meetings (or any adjourned Meetings) agrees to the Scheme with or without modification, such Scheme shall be binding on all creditors of the Company if approved by a subsequent Order of Court.
This Notice and the Scheme do not apply to any creditor of the Company who is an Excluded Creditors (as defined in the Scheme).
Dated this 14th day of April 2016.

Previous
Next