SINGAPORE /PRNewswire/ -- The board of
directors (the "Board") of CWT
Limited (SGX:C14) ("CWT" or the "Company"), wishes to inform
shareholders of the Company (the "Shareholders") that
it has been informed by its controlling shareholder,
C & P Holdings Pte Ltd ("C & P")
that the shareholders of C & P are considering a
strategic review of the business and assets of C & P,
which may or may not lead to a transaction involving the Company.
Credit Suisse (Singapore) Limited and DBS Bank Ltd. are assisting
the C & P shareholders with the aforesaid strategic
review. The Board understands from C & P that at this
juncture, neither C & P nor its shareholders have
commenced any formal process, nor are they engaged in any exclusive
negotiations with any party. Accordingly, there is no
assurance that such a strategic review will result in any
transaction.
The Company will,
in compliance with the applicable rules of the listing manual of
the Singapore Exchange Securities Trading Limited, make further
announcements as appropriate.
In the meantime,
Shareholders are advised to
exercise caution when dealing in the shares of the Company and to
refrain from taking any action in respect of their shares which may
be prejudicial to their interests.
BY THE ORDER OF THE BOARD
OF
CWT
LIMITED
Lye Siew
Hong - Lynda Goh
Company Secretary
3 August 2015
For more information, contact:
CWT
Limited
Lynda GOH
Johan LIM
Deputy Group CEO & Group CFO
Senior Manager, Corporate Communications
Tel: (65) 6307 8338
Tel: (65) 6307 8018
Fax: (65) 6261 2373
Fax: (65) 6261 2373
Email: [email protected]
Email: [email protected]