Aspial Lifestyle Adjusts Share Sale Price in Conjunction with Mainboard Transfer,Citing Geopolitical Situation and Recent Trading Prices
NewTimeSpace News:On March 12, 2026, Aspial Lifestyle announced an adjustment to the share sale price in connection with its proposed transfer from the Catalist board to the Mainboard of the Singapore Exchange (SGX) and the accompanying share sale, which were initially disclosed in the company's announcement on March 4.
Pursuant to the announcement, to meet the public shareholding ratio requirements for the mainboard transfer, Aspial Corporation Limited, the controlling shareholder of Aspial Lifestyle, previously planned to sell up to 10,000,000 ordinary shares and entered into a share sale mandate agreement with SAC Capital Private Limited on March 4, with an original sale price set at S$0.34 per share.
The board of directors of Aspial Lifestyle stated that it has received a notification from Aspial Corporation Limited of a resolution to revise the aforesaid share sale price to S$0.31 per share, taking into account the current geopolitical situation and recent stock trading prices. This price represents a discount of approximately 7.7% to the stock's volume-weighted average price (VWAP) of S$0.3358 on the Singapore Exchange for the full market day on March 11.
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