Shanaya Limited Grants Final Extension for S\$96 Million Share Subscription – Will the Deal Complete?

Key Points for Investors

• Shanaya Limited announces a final extension of the long-stop date for a proposed subscription of 96,000,000 new ordinary shares.
• The subscription could potentially inject significant capital into the company, but completion remains uncertain.
• The long-stop date, previously set for 2 October 2025, has been extended one last time to 17 October 2025.
• Deposit already received from the Subscriber is now non-refundable, even if the deal fails to complete.
• Shareholders are strongly cautioned: There is no guarantee the transaction will close.
• The company will issue further updates as developments occur.

In-Depth Details of the Announcement

Shanaya Limited (Company Registration No. 199804583E), incorporated in Singapore, has revealed a crucial update regarding its previously announced proposed subscription deal. This transaction involves the issuance of 96 million new ordinary shares to a Subscriber, a move that could substantially impact the company’s financial standing and share capital structure.

The board of directors confirmed that the Subscriber has requested more time to fulfill certain Conditions Precedent stipulated in the Subscription Agreement and to remit the remaining aggregate consideration (after deducting the deposit already received by the company). Responding to this request, Shanaya Limited and the Subscriber have mutually agreed in writing on 7 October 2025 to extend the long-stop date for a final time, moving it from 2 October 2025 to 17 October 2025. This is intended to provide adequate time for the Subscriber to complete all necessary actions for the deal to close.

One critical aspect for shareholders to note is the status of the deposit. As confirmed in the company’s prior announcement on 19 August 2025, the deposit received from the Subscriber is non-refundable under any circumstances, even if the subscription does not reach completion by the new final long-stop date. However, should the transaction close, the received deposit will count towards the total consideration for the shares.

Other terms and details of the proposed subscription remain unchanged from previous company announcements and the circular dated 14 April 2025.

Potential Price-Sensitive Implications

• Uncertainty Remains: There is still no assurance that the subscription will proceed to completion. Shareholders and potential investors should exercise caution, as the completion or failure of this deal could have a material effect on the share price.
• Capital Injection: If completed, the deal would significantly increase the company’s share capital, potentially altering major financial ratios and investor sentiment.
• Non-Refundable Deposit: The company retains the deposit regardless of completion, which could provide some financial buffer but also signals that failure to close might leave the Subscriber out of pocket.
• Final Deadline: The new deadline of 17 October 2025 is the absolute final extension. Investors should closely monitor developments leading up to this date.

Trading Caution for Shareholders

The board explicitly advises shareholders and potential investors to act cautiously when trading shares in Shanaya Limited at this time. The outcome of the proposed subscription is still uncertain, and any decisions should be made after consulting professional advisors and reviewing all related announcements and circulars.

Ongoing Updates

The company has committed to keeping shareholders updated with further announcements should any material developments arise concerning the proposed subscription.

Conclusion: What’s Next for Shanaya Limited?

With the clock ticking toward the final long-stop date, Shanaya Limited’s fate regarding this substantial capital raise will be decided within weeks. Investors should watch for upcoming announcements closely, as the outcome could be a key catalyst for the company’s share price and future prospects.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. The information herein is based on company announcements and may be subject to change. The Singapore Exchange Securities Trading Limited (SGX-ST) accepts no responsibility for the contents of this article.

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