Singapore legislation

Regulation 2

of Securities and Futures (Offers of Investments) (Shares) (Exemption for Avi-Tech Holdings Pte. Ltd.) Regulations 2021

Regulation 2

Definitions

In these Regulations —“Avi‑Tech Electronics” means Avi‑Tech Electronics Limited;“Avi-Tech Holdings” means Avi-Tech Holdings Pte. Ltd.;“SGX-ST” means the Singapore Exchange Securities Trading Limited;“SGX-ST Mainboard Rules” means the rules that govern the activities and conduct of issuers listed on the Mainboard of SGX‑ST;“specified restructuring exercise” means the restructuring exercise —

(a)

that is conducted under a compromise or an arrangement for Avi‑Tech Electronics that is approved by the General Division of the High Court under section 210(4) of the Companies Act (Cap. 50); and

(b)

under which —

(i)

all shares in Avi‑Tech Electronics will be transferred to Avi‑Tech Holdings by all the shareholders of Avi-Tech Electronics; and

(ii)

each shareholder of Avi-Tech Electronics will be issued with a share in Avi-Tech Holdings in consideration for each of the shareholder’s shares that is transferred to Avi‑Tech Holdings.

Definition

“Avi‑Tech Electronics” means Avi‑Tech Electronics Limited;

Definition

“Avi-Tech Holdings” means Avi-Tech Holdings Pte. Ltd.;

Definition

“SGX-ST” means the Singapore Exchange Securities Trading Limited;

Definition

“SGX-ST Mainboard Rules” means the rules that govern the activities and conduct of issuers listed on the Mainboard of SGX‑ST;

Definition

“specified restructuring exercise” means the restructuring exercise —

(a)

that is conducted under a compromise or an arrangement for Avi‑Tech Electronics that is approved by the General Division of the High Court under section 210(4) of the Companies Act (Cap. 50); and

(b)

under which —

(i)

all shares in Avi‑Tech Electronics will be transferred to Avi‑Tech Holdings by all the shareholders of Avi-Tech Electronics; and

(ii)

each shareholder of Avi-Tech Electronics will be issued with a share in Avi-Tech Holdings in consideration for each of the shareholder’s shares that is transferred to Avi‑Tech Holdings.