Autagco Ltd. Issues Monthly Update on Voluntary Liquidation of Subsidiaries

Key Points from the Announcement

• Autagco Ltd. continues to progress with the voluntary liquidation of two wholly-owned subsidiaries: Superfood Kitchen Pte. Ltd. (SFK) and The Green Bar Pte. Ltd. (TGB).
• The process is being carried out in compliance with Catalist Rule 704(22), ensuring transparency and regular updates to shareholders and the market.
• Shareholder and creditor meetings are being scheduled for both subsidiaries, with TGB’s shareholder meeting notice expected to be dispatched by 5 December 2025.
• Mr. Keith Ng of Reliance 3P Advisory Pte. Ltd. is proposed as the liquidator for TGB.
• The company pledges to continue issuing monthly updates and immediate announcements on any material developments during the liquidation process.

Details Investors Should Note

• Liquidation Progress: SFK is currently coordinating with the proposed liquidator to set both the shareholders’ and creditors’ meeting dates. Notices will be sent to all relevant parties once confirmed. This procedural step is crucial as it marks the formal initiation of the winding-up process for SFK.
• TGB’s Timeline: The notice for TGB’s shareholder meeting will be sent out by 5 December 2025. This meeting will seek shareholder approval to commence voluntary liquidation and to appoint Mr. Keith Ng as the liquidator. Creditors’ meetings will be held on the same day, allowing for simultaneous decision-making regarding the nomination of the proposed liquidator.
• Impact on Group Structure: Both subsidiaries are in the process of being voluntarily wound up. This will result in a change in the structure of Autagco Ltd., possibly impacting future financial statements, asset composition, and business outlook.
• Price Sensitivity: The liquidation of subsidiaries may carry price-sensitive implications, particularly if these entities have material assets, liabilities, or revenue-generating operations. Investors should closely monitor further announcements to assess any impact on the parent company’s valuation or financial health.
• Regulatory Compliance: The company is adhering to Catalist Rule 704(22), which mandates continuous disclosure of developments in the liquidation process, ensuring shareholders and the market remain informed.
• Future Announcements: Autagco Ltd. commits to ongoing transparency, promising monthly updates and immediate disclosures should any significant developments occur.
• Sponsor Review: The announcement has been reviewed by SAC Capital Private Limited, the company’s sponsor, though it has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST).

Potential Implications for Shareholders

• Strategic Restructuring: The voluntary liquidation of SFK and TGB may signal a strategic shift or realignment within Autagco Ltd.—potentially affecting future business direction and resource allocation.
• Financial Impact: The outcome of the liquidation process, including the realization of assets and settlement of liabilities, may affect the company’s net asset value and future earnings.
• Share Price Movement: Any material change in the group’s structure, especially involving subsidiaries, could trigger share price volatility. Investors should remain vigilant for further updates that may provide greater clarity on the financial consequences of these liquidations.
• Voting Opportunities: Shareholders will have the opportunity to vote on the proposed liquidation and appointment of the liquidator for TGB, directly influencing the process and outcome.

Contact Information

For further inquiries, shareholders and interested parties may contact Ms Lim Qi Fang at SAC Capital Private Limited (Tel: (65) 6232 3210), 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Disclaimer

This article is based on the latest public disclosures from Autagco Ltd. and is intended for informational purposes only. It does not constitute investment advice. Investors should exercise their own judgment or consult a professional financial advisor before making any investment decisions. The Singapore Exchange Securities Trading Limited (SGX-ST) has not examined nor approved the contents of this report.

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