Matex International Faces Extended Trading Suspension Amid Data Disclosure Clarifications

Key Points for Investors

• Matex International Limited issues a clarification announcement responding to Singapore Exchange Regulation (SGX RegCo) queries.
• The company clarifies its position on providing critical shareholder information to polling agents for two separate Extraordinary General Meetings (EGMs).
• Trading suspension on Matex International’s securities, effective since 23 July 2025, remains in force.
• Shareholders and potential investors are advised to monitor developments closely as further announcements may impact investment decisions.

Full Article: Detailed Breakdown

In a significant update relevant to shareholders and market participants, Matex International Limited has issued a clarification in response to queries raised by the Singapore Exchange Regulation (SGX RegCo) regarding the handling of sensitive shareholder data ahead of two upcoming EGMs.

Background: EGMs and Data Requests

On 28 August 2025 and 2 September 2025, Nanyang Commercial and a group termed the New Requisitionists respectively, submitted formal requests through their lawyers to access key shareholder information, including:

• The register of members
• The Central Depository (CDP) shareholding list
• CPF/SRS investors’ lists from agent banks

These lists were to be provided to polling agents appointed for their respective EGMs, which are slated for 11 September 2025 (Nanyang Commercial) and 16 September 2025 (New Requisitionists).

Company Response and Regulatory Compliance

Matex International clarified that it responded to Nanyang Commercial’s request by confirming it would provide the register of members and the CDP shareholding list for the EGM on 11 September 2025. This disclosure is to be made in strict adherence to sections 190 and 192(3) of the Singapore Companies Act 1967, and the Personal Data Protection Act 2012.

In the case of the New Requisitionists, Matex International encountered a delay. The company reached out on 3 September 2025 to obtain contact details for the polling agent of the second EGM, only receiving the required information on 9 September 2025. On the same day, Matex responded to the polling agent, confirming that the register of members and CDP shareholding list would be provided, again subject to the same statutory and data privacy requirements, including redaction as necessary for compliance.

Trading Suspension Remains in Effect

Of critical importance to investors, the trading suspension on Matex International Limited’s securities, in effect since 23 July 2025, remains unchanged. This suspension will continue as the company navigates ongoing regulatory matters and data disclosure to parties involved in the EGMs.

Potential Share Price Impact

The extended trading suspension, alongside the clarification on how key shareholder information is disclosed and the ongoing EGMs driven by significant shareholders and requisitionists, introduces a degree of uncertainty for investors. These developments may signal potential changes in the company’s governance or shareholder structure, which could materially affect share value once trading resumes.

Investors should also note that the company emphasizes its commitment to following legal frameworks in handling sensitive data, which may alleviate potential regulatory risks but could also delay processes if further compliance issues arise.

Actions for Shareholders

• Monitor all further announcements from Matex International closely.
• Consider consulting with financial or legal advisors if uncertain on how these developments may affect your holdings.
• Remain alert to any changes in shareholder composition or board governance that could emerge from the EGMs.

Official Notice

This announcement has been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). SGX-ST assumes no responsibility for the contents of this announcement.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to perform their own due diligence and consult professional advisors before making any investment decisions related to Matex International Limited.

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