Kreuz Holdings seeks legal sanction of SEA9 proposed acquisition scheme

Application filed to High Court of Singapore.

The Board of DIrectors of Kreuz Holdings Limited announced that the Company has filed an application to the High Court of Singapore (the “Court”) to the scheme it outline in relation to the proposed acquisition by SEA9 Pte. Ltd of all the issued and paid-up ordinary shares in the capital of the Kreuz Holdings.

This is by way of a scheme of arrangement under Section 210 of the Companies Act (Chapter 50 of Singapore) and in accordance with the Singapore code on Takeovers and Merger.

The Court has directed that the application be heard on 11 February 2014. The Notice of Court Hearing is attached with this announcement.

Subject to the order of the Court sanctioning the Scheme under Section 210 of the Companies Act (Scheme Court Order) and the satisfaction (or where applicable, waiver) of all the other Scheme Conditions which are reproduced in the Scheme Document, the Scheme shall become effective and binding upon the lodgement of the Scheme Court Order with the ACRA.