Boldtek Holdings Limited: No Material Developments as Liquidation Continues – What Shareholders Must Know

Key Points from Latest Liquidators’ Update

• Boldtek Holdings Limited remains in compulsory liquidation.
• No material developments have occurred in relation to the company’s affairs since the last update.
• Trading in Boldtek’s shares has been halted since 12 January 2023 and suspended since 16 January 2023.
• The suspension was triggered by reasons previously announced on 14 January 2023.
• The company will continue to make periodic announcements in line with SGX Catalist Listing Rules as and when there are material changes.

Critical Information for Shareholders and Investors

• No price-sensitive developments: There are no new events or disclosures that might immediately impact share value or lead to a resumption of trading.
• Shareholders are advised to exercise caution: The company’s shares remain suspended, and investors should closely read all company announcements and seek professional advice before taking any action.
• Liquidators are in control: All decisions about the company are under the direction of the joint and several liquidators, Tan Wei Cheong and Lim Loo Khoon.
• Regulatory status: The announcement has been reviewed by RHT Capital Pte. Ltd. (the company’s sponsor), but not examined or approved by the Singapore Exchange. The SGX assumes no responsibility for the contents of the document.
• Contact information: For queries related to the sponsor, investors can contact Mr. Joseph Au at RHT Capital Pte. Ltd.

Investor Implications

The latest monthly update from Boldtek Holdings Limited confirms the company remains in compulsory liquidation, with no material developments or changes in status. Trading continues to be suspended, and the liquidators have not indicated any imminent actions or resolutions that could affect the company’s assets, liabilities, or share price.

For shareholders, the lack of new information means continued uncertainty. There is no news of asset sales, distributions, restructuring, or revival that could lead to a price movement or the lifting of the share suspension. Investors should remain vigilant and consult with their financial advisers before making any decisions regarding Boldtek shares.

Conclusion: What to Watch For

While the current update contains no material or price-moving news, the situation remains fluid. Periodic announcements by the liquidators may eventually signal developments that could impact the company’s future or shareholder value. Until such disclosures are made, the shares will remain suspended, and investors should monitor all communications from the company and its liquidators.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their own professional advisers before making any investment decisions regarding Boldtek Holdings Limited or its shares. The situation remains subject to change based on future announcements by the company or its liquidators.

NIL (No price-moving developments disclosed in the latest update; investors are advised to continue monitoring for future announcements.)

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