Envictus International Holdings Ltd (formerly: Etika International Holdings Ltd)

[cyclone]

Proposed Disposal of 72.35% of the Issued and Paid-Up Share Capital of Envictus Dairies NZ Limited

Envictus International Holdings Limited announced that Envictus NZ Limited (the "Vendor"), a subsidiary of the Company, has entered into a conditional sale and purchase agreement ("SPA") with Neil Geoffrey McGarva (as the sole trustee of the Neil McGarva Trust) on 12 April 2019 for the proposed disposal by the Vendor of its entire shareholding interest of 6,802,382 ordinary shares in Envictus Dairies NZ Limited ("EDNZ"), representing 72.35% of the issued and paid-up share capital of EDNZ (the "Sale Shares") for an aggregate consideration of NZD7,000,000, on the terms and conditions of the SPA.

As the Sale Shares represent the entire shareholding interest of the Vendor in EDNZ, EDNZ will cease to be a subsidiary of the Company following the completion of the Proposed Disposal.

More details in https://links.sgx.com/FileOpen/EIHL%20An...eID=552005

[cyclone]

Notification of Inclusion on the Watch-List Due to the Minimum Trading Price Entry Criterion

Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company on 4 June 2019 that the Company will be placed on the Watch-list with effect from 6 June 2019 pursuant to Listing Rule 1311(2) of the SGX-ST Listing Manual.

The Company will take active steps to meet the requirements of Listing Rule 1314(2) of the SGX-ST Listing Manual within 36 months from 6 June 2019, failing which the SGX-ST would delist the Company or suspend trading in the Company’s shares with a view to delisting the Company.

Listing Rule 1314(2) of the SGX-ST Listing Manual states that the issuer will be assessed by the SGXST for removal from the Watch-list if it records volume weighted average price of at least S$0.20 and an average daily market capitalisation of S$40 million or more over the last 6 months.

[cyclone]

Notice of 3 Consecutive Years' Losses

Envictus International Holdings Limited gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at 28/11/2019 is S$32 Million

More details in https://links.sgx.com/1.0.0/corporate-an...uddies.com

[dydx]

Notice of 3 Consecutive Years' Losses

Envictus International Holdings Limited gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at 28/11/2019 is S$32 Million

More details in https://links.sgx.com/1.0.0/corporate-an...uddies.com

Very strange, despite the continued losses, the counter has been advancing steadily since mid-Dec23 and is now at its 5 years' high! Today it added another $0.015 and closed at $0.345.