Autagco Ltd. Receives SGX-ST Listing and Quotation Notice for Share Consolidation, Convertible Loan, and Major Subscription

Key Points for Investors

• SGX-ST has granted a Listing and Quotation Notice (LQN) to Autagco Ltd. for the listing of up to 1,303,510,000 consolidated shares, 83,333,333 consolidated conversion shares from a convertible loan, and up to 1,000,000,000 first tranche subscription shares.
• These actions are subject to shareholder approval, which has already been obtained as of 24 April 2026.
• The LQN covers three major corporate actions:
  1. Share Consolidation: Up to 1,303,510,000 consolidated shares will be listed following a share consolidation exercise.
  2. Convertible Loan Agreement: Up to 83,333,333 consolidated conversion shares may be issued upon conversion of a convertible loan post-consolidation.
  3. Proposed Subscription: Up to 1,000,000,000 new shares (1st tranche) to be issued via a subscription agreement. These shares must be placed out within seven market days after the share consolidation is completed.

Important Considerations for Shareholders

• Material Changes to Share Capital: The proposed share consolidation and the potential issuance of a large number of new shares through both the convertible loan and subscription agreements could significantly alter the company’s share capital structure. This could impact existing shareholders’ percentage ownership and may have price-sensitive implications.
• Conditions Precedent: The issuance of subscription shares and the conversion of the convertible loan are subject to the fulfilment of conditions in their respective agreements. If these conditions are not met, the transactions may not proceed as planned, which could affect share price expectations.
• Potential Dilution: If all proposed shares are issued, there will be substantial dilution for existing shareholders. Investors should consider the possible impact on earnings per share and future dividends.
• SGX-ST Disclaimer: While the LQN has been granted, it should not be seen as an endorsement of the merits of these transactions or the company itself.
• Caution Advised: The company has specifically advised shareholders and potential investors to exercise caution when trading shares, pending the fulfilment of all necessary conditions.

Next Steps & Timeline

• Shareholder approval was secured on 24 April 2026.
• The subscription shares must be placed out within seven market days after the completion of the share consolidation.
• Further announcements will be made as and when appropriate, especially if there are changes or developments concerning the proposed transactions.

Contact and Oversight

• This announcement was reviewed by the company’s sponsor, SAC Capital Private Limited. The SGX-ST has not examined or approved the announcement and assumes no responsibility for its contents.
• The sponsor’s contact person is Ms Lee Khai Yinn, reachable at +65 6232 3210, 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

What Investors Should Do

Shareholders who are uncertain about the implications of these corporate actions are strongly encouraged to consult their bank manager, stockbroker, legal, financial, tax, or other professional advisers.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisers before making investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the content herein.

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