NauticAWT Terminates Deal to Acquire World Industrial Estate; Seeks Voluntary Delisting

MT Newswires07-01

NauticAWT (SGX:42D) entered into a deed of termination with World Corp. for the termination of a conditional sale and purchase agreement for the acquisition of World Industrial Estate.

The termination follows the expiry of the deadline to complete the transaction, according to a filing with the Singapore Exchange on Friday.

The company had initially entered into a conditional agreement with World Corp. for the acquisition of shares in the share capital of World Industrial Estate in March 2023 for a consideration of SG$27.0 million.

As a result, NauticAWT said it will seek voluntary delisting from the Singapore bourse as it has resolved to voluntarily wind up or liquidate the company.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2448954373?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-01 14:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2448954373","market":"sg","top_or_hot":-1,"title":"NauticAWT Terminates Deal to Acquire World Industrial Estate; Seeks Voluntary Delisting","media":"MT Newswires","content":"<html><body><p> NauticAWT (SGX:42D) entered into a deed of termination with World Corp. for the termination of a conditional sale and purchase agreement for the acquisition of World Industrial Estate.</p><p>The termination follows the expiry of the deadline to complete the transaction, according to a filing with the Singapore Exchange on Friday.</p><p>The company had initially entered into a conditional agreement with World Corp. for the acquisition of shares in the share capital of World Industrial Estate in March 2023 for a consideration of SG$27.0 million.</p><p>As a result, NauticAWT said it will seek voluntary delisting from the Singapore bourse as it has resolved to voluntarily wind up or liquidate the company.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NauticAWT Terminates Deal to Acquire World Industrial Estate; Seeks Voluntary Delisting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNauticAWT Terminates Deal to Acquire World Industrial Estate; Seeks Voluntary Delisting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-01 14:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NauticAWT (SGX:42D) entered into a deed of termination with World Corp. for the termination of a conditional sale and purchase agreement for the acquisition of World Industrial Estate.The termination ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2448954373","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448954373","pubTimestamp":1719816543,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"NauticAWT  entered into a deed of termination with World Corp. for the termination of a conditional sale and purchase agreement for the acquisition of World Industrial Estate.The termination follows the expiry of the deadline to complete the transaction, according to a filing with the Singapore Exchange on Friday.The company had initially entered into a conditional agreement with World Corp. for the acquisition of shares in the share capital of World Industrial Estate in March 2023 for a consideration of SG$27.0 million.As a result, NauticAWT said it will seek voluntary delisting from the Singapore bourse as it has resolved to voluntarily wind up or liquidate the company.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","BK6088":"石油天然气设备与服务","BK6505":"周期性消费品与消费者服务","42D.SI":"NAUTICAWT LIMITED"},"translate_title":"NauticAWT终止收购World Industrial Estate的交易；寻求自愿退市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"42D.SI":0.9},"content_text":"NauticAWT (SGX:42D) entered into a deed of termination with World Corp. for the termination of a conditional sale and purchase agreement for the acquisition of World Industrial Estate.The termination follows the expiry of the deadline to complete the transaction, according to a filing with the Singapore Exchange on Friday.The company had initially entered into a conditional agreement with World Corp. for the acquisition of shares in the share capital of World Industrial Estate in March 2023 for a consideration of SG$27.0 million.As a result, NauticAWT said it will seek voluntary delisting from the Singapore bourse as it has resolved to voluntarily wind up or liquidate the company.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2448954373"}