Broadway Industrial Group Limited Receives Court Approval for Selective Capital Reduction

Key Developments and Critical Information for Shareholders

Broadway Industrial Group Limited (the “Company”) has announced a major milestone in its ongoing corporate actions, which is highly relevant to its shareholders and could have a significant impact on its share price.

Summary of Key Points

• Court Approval Secured: The Company has received court approval for its proposed selective capital reduction, with no additional conditions imposed by the court.
• Effective Date: The selective capital reduction will take effect upon the lodgement of the Court Order and prescribed documents with the Accounting and Regulatory Authority of Singapore (ACRA).
• Pending Record Date Announcement: The Company will announce the Record Date for the selective capital reduction in a separate communication.
• Potential Delisting: This corporate action is part of a broader plan that includes a proposed delisting of the Company from the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST).

Background and Timeline of Events

The Board has referenced a series of previous announcements and documents, including:

• Initial notifications regarding the requirements under SGX Listing Manual rules and the proposed exit offer by way of selective capital reduction.
• A circular to shareholders dated 22 January 2026 detailing the proposed exit offer and selective capital reduction.
• Responses to shareholder questions, application for regulatory extensions, and results of the Extraordinary General Meeting (EGM).
• Confirmation that the process was conducted in compliance with all required regulations and that shareholder engagement has been thorough.

What Shareholders Need to Know

• Impact on Shareholding: The selective capital reduction is a price-sensitive event. It will directly affect shareholders by reducing the Company’s capital and could result in a payout to shareholders whose shares are cancelled as part of the reduction.
• Potential Delisting: The Company has also proposed to delist from the SGX-ST. If the delisting proceeds, shareholders will no longer be able to trade shares on the open market. This is a critical issue for shareholders to consider.
• Next Steps: Shareholders should closely monitor the upcoming announcement regarding the Record Date, which will determine eligibility for participation in the capital reduction.
• Ongoing Disclosures: The Board has reiterated their commitment to transparency and accuracy, having taken “all reasonable care and made all reasonable inquiries” to ensure the information disclosed is fair and accurate.
• Consultation Advised: Shareholders and potential investors are advised to consult their financial and legal advisers if they are unsure about the implications of this action or the next steps to take.

Potential Share Price Impact

The approval of the selective capital reduction and the potential delisting are both significant, price-sensitive events. These actions could materially affect the value of shares due to changes in the Company’s capital structure and the possible loss of market liquidity following delisting.

Conclusion

The Company’s progress towards a selective capital reduction and possible delisting marks a pivotal moment for the Company and its shareholders. All stakeholders should stay alert to further announcements, especially regarding the Record Date, and take professional advice as needed.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult professional advisers before making investment decisions. The author and publisher accept no responsibility for any losses or damages arising from the use of this information.

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