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29-03-2011, 06:32 PM
EDMI's BOD has today (29Mar11) appointed Provenance Capital P/L as IFA to the IDs for the purposes of the Delisting Proposal and the Exit Offer from SMB United......
http://info.sgx.com/webcoranncatth.nsf/V...2000F543B/$file/Announcement_of_IFA.pdf?openelement
In the same announcement, the IDs have added the following para as advice to EDMI's minority shareholders -
"In the meantime, EDMI Shareholders are advised to exercise caution when dealing in their
EDMI Shares and refrain from taking any action in relation to their EDMI Shares which may be
prejudicial to their interests until they or their advisers have considered the information and
the recommendations of the Independent EDMI Directors as well as the advice of the IFA set
out in the Delisting Circular to be issued in due course."
Some background info on Provenance Capital P/L and its senior management team.....
http://www.provenancecapital.com/directors.htm
http://info.sgx.com/webcoranncatth.nsf/V...2000F543B/$file/Announcement_of_IFA.pdf?openelement
In the same announcement, the IDs have added the following para as advice to EDMI's minority shareholders -
"In the meantime, EDMI Shareholders are advised to exercise caution when dealing in their
EDMI Shares and refrain from taking any action in relation to their EDMI Shares which may be
prejudicial to their interests until they or their advisers have considered the information and
the recommendations of the Independent EDMI Directors as well as the advice of the IFA set
out in the Delisting Circular to be issued in due course."
Some background info on Provenance Capital P/L and its senior management team.....
http://www.provenancecapital.com/directors.htm