TA Corporation Ltd. Receives SGX RegCo No-Objection for Trading Resumption Proposal

Key Highlights

• TA Corporation Ltd. has received a letter of no-objection from SGX RegCo regarding its trading resumption proposal.
• The no-objection is subject to the fulfilment of several critical conditions, including shareholder approvals and completion of a debt restructuring plan.
• Trading of TA Corporation’s securities has been voluntarily suspended since 17 July 2023.
• The Company must seek separate confirmation from SGX RegCo for the actual resumption date once all conditions are fulfilled.

Details of SGX RegCo’s No-Objection and Resumption Conditions

The board of directors of TA Corporation Ltd. announced that on 24 November 2025, the company received a letter from SGX RegCo stating no objection to the proposed resumption of trading, subject to the fulfilment of six specific conditions:

1. Disclosure of Board Opinion: The company must publicly disclose the Board’s opinion regarding the Group’s ability to continue as a going concern, along with the bases for the opinion.
2. Shareholder Approval for TAC Conversion Shares: Shareholders must approve the allotment and issuance of TAC Conversion Shares (either through a general share issue mandate or specific approval).
3. SGX RegCo Approval for TAC Conversion Shares Listing: SGX RegCo must approve the listing and quotation of the TAC Conversion Shares on the Mainboard of SGX-ST.
4. Shareholder Approval for TAR Conversion Shares: Shareholders must approve the allotment and issuance of TAR Conversion Shares (via a general mandate or specific approval).
5. SGX RegCo Approval for TAR Conversion Shares Listing: SGX RegCo must approve the listing and quotation of TAR Conversion Shares on the Mainboard of SGX-ST.
6. Completion of Debt Restructuring Plan: The company must successfully complete its Debt Restructuring Plan.

All these conditions must be met before SGX RegCo’s decision becomes effective, and only then can the company seek confirmation for the actual resumption of trading.

Important Information for Shareholders and Potential Price-Sensitive Issues

• Shareholder Approvals: The requirement for shareholders to approve the issuance of new shares (both TAC and TAR Conversion Shares) could have a dilutive impact on existing holdings, which is a significant price-sensitive matter.
• Debt Restructuring: The completion of the Debt Restructuring Plan will directly affect the company’s balance sheet and financial stability, which could positively influence investor sentiment and share valuation.
• Resumption of Trading: The potential lifting of the trading suspension after more than two years could lead to significant share price movement as liquidity returns and investor interest is renewed.
• Ongoing Disclosure: The company will provide further updates on the fulfilment of each condition, so shareholders are advised to monitor announcements closely for new developments that may impact share value.

Next Steps and Guidance for Investors

TA Corporation Ltd. is actively working towards fulfilling the resumption conditions. Investors should expect further disclosures regarding shareholder meetings, resolutions for share issuance, progress on debt restructuring, and regulatory approvals.

Shareholders and stakeholders are strongly advised to exercise caution when dealing in TA Corporation’s shares or other securities. If in doubt, consult professional advisors such as stockbrokers, bank managers, solicitors, or accountants.

Conclusion

The receipt of SGX RegCo’s no-objection letter and the outlined path to trading resumption represent a significant milestone for TA Corporation Ltd. The prospects for returning to active trading, coupled with the anticipated financial restructuring, present both opportunities and risks for investors. As the company moves to fulfil each condition, material developments could have a substantial impact on share price and investor sentiment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Please consult a licensed financial advisor before making any investment decisions. The author has compiled this report based on publicly available information and does not guarantee its accuracy or completeness.

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