ACMA Ltd. Receives Approval In-Principle for Proposed Placement of Up to 8.48 Million New Shares

Key Highlights

• Approval in-Principle (AIP) received from SGX-ST for the proposed placement of up to 8,478,199 new ordinary shares.
• The new shares will be listed and quoted on the Main Board of the Singapore Exchange (SGX-ST).
• The AIP is subject to strict compliance with various SGX listing requirements and submission of specific undertakings and confirmations by ACMA Ltd.
• The Placement Shares must be placed out within seven market days from the date of AIP.

Details of the Proposed Placement

ACMA Ltd. has announced it received the green light from the Singapore Exchange Securities Trading Limited (SGX-ST) for its proposed placement of up to 8,478,199 new ordinary shares. This move is a significant development for the company, potentially raising new capital and altering the shareholding structure.

The approval in-principle (AIP), received on 8 January 2026, is a key regulatory milestone, clearing the way for the company to proceed with the listing and quotation of these new shares. However, investors should note that this is not a final approval and is contingent upon ACMA Ltd. meeting all the stipulated conditions.

Conditions Attached to the Approval

• ACMA Ltd. must comply with all SGX-ST listing requirements.
• The company must submit:
  • A written undertaking to comply with Rule 704(30) and Rule 1207(20) of the SGX Listing Manual, ensuring detailed disclosure about the use of placement proceeds, especially regarding working capital allocations.
  • A written undertaking to comply with Rule 803 of the Listing Manual.
  • A written confirmation that the Placement Shares will not be issued to any persons prohibited under Rule 812(1) of the Listing Manual.
• The placement of the shares must be completed within seven market days from the date of the AIP.

Potential Shareholder Impact and Price Sensitivity

• Potential Share Dilution: The issuance of up to 8,478,199 new shares will dilute the holdings of existing shareholders unless they participate in the placement.
• Use of Proceeds: Although the company is required to disclose detailed use of proceeds, investors should monitor for announcements about whether funds will be channelled to growth, debt reduction, or working capital, as this can materially affect the company’s value.
• Regulatory Compliance: The company must comply strictly with SGX rules regarding share issuance, which helps protect investor interests, but creates a timeline and compliance risk for the placement’s completion.
• Uncertainty Remains: The company cautions shareholders that there is no certainty the Proposed Placement will proceed to completion, and further updates will be made as material developments arise.

What Shareholders Should Do

The board of ACMA Ltd. advises all shareholders and potential investors to exercise caution when trading the company’s shares. Since the placement is not yet completed and subject to conditions, the share price may react to any further developments or announcements. Investors are encouraged to consult their professional advisors if in doubt about the appropriate course of action.

The company has committed to keeping shareholders informed and will provide further updates as and when there are significant developments.

Conclusion

The proposed placement and receipt of approval in-principle is a material event for ACMA Ltd. It potentially brings new capital into the company but also introduces risks and uncertainties until the placement is completed and all regulatory conditions are satisfied. Investors should stay alert for further announcements, especially regarding the final use of proceeds and the completion of the placement.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions related to ACMA Ltd. The information above is based on the company’s official announcements and is subject to change as new facts emerge.

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