TT International Limited Announces Voluntary Delisting from SGX

Overview

TT International Limited, a Singapore-incorporated company (Registration Number: 198403771D), has announced its application for voluntary delisting from the Singapore Exchange (SGX). This move comes amid an insolvency situation and follows an assessment by the appointed Liquidators.

Key Points for Investors

• Delisting Application Submitted: On 5 March 2026, TT International Limited formally submitted a delisting application to SGX.
• Financial Position: The Liquidators have determined that the company’s liabilities significantly exceed its assets, rendering TT International Limited insolvent.
• No Distributions or Exit Offer: The company is not in a position to make any distributions or provide an exit offer to shareholders due to its insolvency.
• SGX Approval: On 25 March 2026, SGX advised that they have no objection to the proposed delisting, provided certain conditions are met.
• Written Confirmation: The Liquidators have issued a written confirmation to SGX stating that they are not aware of any material information that would affect investors’ decisions and that has not already been announced.
• Delisting Date and Time: The delisting will become effective at 9:00 a.m. on 2 April 2026.
• No Issuance of Share Certificates: After delisting, the company will not arrange for the issuance of share certificates to shareholders, citing a lack of financial resources.
• Contact Information for Clarification: Shareholders may contact Ng Zhao Rui (email: [email protected], phone: +65 6416 1406) for any queries regarding the delisting.
• Compliance with SGX Rules: SGX confirmed compliance with Listing Rule 1309, as the company will be wound-up and no exit offer will be made, in line with applicable insolvency regulations.

Implications for Shareholders

• Shareholder Value Impact: The announcement confirms that TT International Limited is grossly insolvent. There will be no distributions or returns to shareholders. This is highly price-sensitive information and is likely to impact the value of TT International shares, effectively rendering them worthless following the delisting.
• No Exit Offer: Shareholders should note that unlike typical delisting scenarios where an exit offer is provided, there will be none in this case due to insolvency.
• No Physical Share Certificates: The company will not be arranging for the issuance of share certificates post-delisting, which may affect shareholders’ ability to prove ownership or trade shares outside the exchange.
• Liquidators’ Contact: Shareholders needing clarifications or further information can directly contact the Liquidators via the provided email and phone number.

Additional Details

The delisting is a result of TT International Limited’s gross insolvency, as represented by the Liquidators. The process follows all necessary SGX regulations and insolvency rules. Shareholders are advised that there will be no further announcements regarding distributions or exit offers. The company will be wound-up, and its shares will be removed from the official list of SGX at the specified date and time.

Action Steps for Investors

• Take note of the delisting date: 2 April 2026, 9:00 a.m.
• Understand that shares will cease to be tradable on SGX, and no returns are expected.
• For questions or clarifications, contact Ng Zhao Rui ([email protected], +65 6416 1406).
• Monitor any further announcements from the Liquidators, though none are anticipated given the situation.

Disclaimer

This article is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors are urged to consult their financial advisors and consider their own circumstances before making any investment decisions. All information is accurate to the best of our knowledge as of the date of publication.

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