| Announcement Title | Response to Query Regarding Trading Activity |
| Securities | MDR LIMITED (MDR) |
| Date & Time of Broadcast | Jun 24, 2015 20:39 |
| Response Description | mDR Limited (the "Company") refers to the queries from Singapore Exchange Securities Trading Limited ("SGX-ST") in relation to the substantial increase in the volume of the Company's shares on 24 June 2015. The following are the Company's responses to the said queries: Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples. - If yes, the information shall be announced immediately. The Company is currently engaged in discussions in relation to a potential material acquisition by the Company. As the discussions are ongoing and incomplete, and as there is no certainty or assurance that the potential material acquisition will be proceeded with, shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. The Company will make the appropriate announcements when there is any material development with respect to the potential material acquisition. Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports. Save for the above, the Company is not aware of any other possible explanation for the trading. Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703? The Company confirms that it is in compliance with the listing rules and, in particular, Mainboard Rule 703. |
Attachments