RAFFLESINTERIOR (01376) may postpone the holding of the special general meeting due to the restriction order, trading will resume on January 16th.
"RAFFLESINTERIOR (01376) announces that the controlling shareholder of the company, Han Chen Holdings Limited, has requested the removal of current directors and appointment of new directors."
RAFFLESINTERIOR (01376) announced that the company's controlling shareholder, Han Chen Holdings Limited, has requested the removal of current directors and the appointment of new directors. On January 12, 2026, the company (as the defendant) received a restraining order from the Financial Services Division of the Grand Court of the Cayman Islands. This court order was applied for unilaterally by the company's controlling shareholder, Han Chen Holdings Limited (as the plaintiff), on January 9, 2026. According to the court order, a hearing for the plaintiff's summons will be held no later than February 6, 2026. As stated in the court order, the plaintiff has undertaken not to take any steps to vote on the resolutions set out in the agenda for the upcoming special general meeting of the company. Instead, the plaintiff is proposing and will vote with all of its company's shares to support a resolution to postpone the special general meeting of shareholders to a date after February 20, 2026.
In view of the court order and other relevant considerations, the company believes that it is reasonable to postpone the special general meeting of shareholders to a specific date after February 20, 2026. The company is currently seeking legal advice on the court order and subsequent appropriate steps. As the matter progresses, the company will provide further updates. The company has applied to the Stock Exchange for the trading of shares to resume on January 16, 2026 at 9:00 am.
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