Connect with us

Media OutReach

3HA Capital’s Final Offer Gives CosmoSteel Shareholders Opportunity to Exit Shares

Published

on

All capitalised terms which are used in this press release but not otherwise defined herein shall have the meanings ascribed to them in the Offer Announcement dated 15 May 2025.

  • Final Offer Price of S$0.25 per share.
  • The Offeror does not intend to revise the Final Offer Price.

SINGAPORE – Media OutReach Newswire – 24 July 2025 – 3HA Capital Pte. Ltd. (the “Offeror”) on 23 June 2025 announced its revised final offer price to acquire all the issued ordinary shares (the “Shares”) in CosmoSteel Holdings Limited (“CosmoSteel” or the “Company”) (the “Final Offer”).

The revised and final offer price of S$0.25 per share (the “Final Offer Price”) represents a 25% increase from the initial voluntary conditional offer of S$0.20 announced on 15 May 2025.

As of 7 July 2025, the Final Offer has been declared unconditional as the Minimum Acceptance Condition of the Offer (more than 50% of the total number of issued Shares, excluding Shares held in treasury) has been satisfied. The closing date for the Offer was extended from 5:30pm (Singapore time) on 14 July 2025 to 5:30pm (Singapore time) on 28 July 2025 (the “Extended Closing Date”).

As of 23 July 2025, the offer has received valid acceptances in respect of nearly 229 million shares, representing approximately 87.88% of the total number of voting rights of the Company. If the Offeror receives valid acceptances pursuant to the Offer in respect of not less than 90% of the total number of voting rights, the Offeror would be entitled to exercise the right to compulsorily acquire all the Shares of shareholders who have not accepted the Offer at the Final Offer Price.

The Offeror has confirmed that this is its final offer, and it does not intend to revise the Final Offer Price.

Extended Closing Date

The Extended Closing Date for the Offer remains unchanged at 5.30 p.m. (Singapore time) on 28 July 2025, unless extended.

Shareholders who have already accepted the Offer at the initial offer price of S$0.20 per share will automatically be entitled to receive the Final Offer Price of S$0.25 per share.

Those who have not yet accepted the Offer may do so by following the procedures for acceptance as set out in Appendix 1 of the Offer Document issued on 5 June 2025 and its accompanying Acceptance Forms.

This press release should be read in conjunction with the full text of the Offer Announcement dated 15 May 2025, the Offer Document dated 5 June 2025, and all documents and announcement issued by or on behalf of the Offeror in relation to the Offer available on SGXNet.

Shareholders should read the Company’s supplemental letter dated 2 July 2025 in relation to the Offer and carefully consider the information and advice contained in that supplemental letter.

RESPONSIBILITY STATEMENT

The Directors of the Offeror (including those who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release are fair and accurate and where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release misleading, and they jointly and severally accept responsibility accordingly.

Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, information relating to the Group), the sole responsibility of the Directors of the Offeror has been to ensure, through reasonable enquiries, that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release.

IMPORTANT NOTICE

All statements other than statements of historical facts included in this press release are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as “expect”, “anticipate”, “believe”, “intend”, “project”, “plan”, “strategy”, “forecast” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” and “might”. These statements reflect the current expectations, beliefs, hopes, intentions or strategies of the party making the statements regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results or outcomes may differ materially from those described in such forward-looking statements. Shareholders and investors should not place undue reliance on such forward-looking statements, and neither the Offeror nor Evolve Capital Advisory Private Limited undertakes any obligation to update publicly or revise any forward-looking statements, subject to compliance with all applicable laws and regulations and/or rules of the SGX-ST and/or any other regulatory or supervisory body or agency.

Evolve Capital Advisory Private Limited is acting as the financial adviser to the Offeror in relation to the Offer. Any enquiries relating to the Offer should be directed during office hours to Evolve Capital Advisory Private Limited helpline at (65) 6241 6626.

Hashtag: #3HACapital

The issuer is solely responsible for the content of this announcement.

Advertisement

Media OutReach

Credo Assurance Earns ESG Certification to Support Sustainability Reporting

Published

on

SINGAPORE – Media OutReach Newswire – 11 December 2025 – Credo Assurance, an ACRA-registered audit firm in Singapore, has obtained the ISCA Professional Certification in Sustainability Assurance. The recognition has reflected its readiness to conduct independent reviews of environmental, social and governance (ESG) reporting in accordance with established standards.

Credo Assurance Earns ESG Certification to Support Sustainability Reporting

A Response to a Changing Regulatory Environment
Singapore’s corporate sustainability environment has undergone a major transformation in recent years. What began as voluntary corporate social responsibility is now transitioning into a regulated requirement driven by new disclosure mandates. The Singapore Exchange (SGX) requires all listed companies to publish sustainability reports, with climate-related disclosures to be aligned with the International Sustainability Standards Board (ISSB) framework.

These developments mirror global trends, including the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the proposed climate disclosure rules by the US Securities and Exchange Commission (SEC). Notably, these frameworks are influencing supply chains and investment decisions worldwide.

A Commitment to Rigorous Standards and Responsible Practice
The certification was issued by the Institute of Singapore Chartered Accountants (ISCA) under the Professional Certification in Sustainability Assurance programme, which focuses on the International Standard on Sustainability Assurance (ISSA 5000). The curriculum also covers key frameworks, such as ISAE 3000, ISO 14064-3, and the reporting principles set out by the Sustainability Reporting Advisory Committee (SRAC).

Participants undergo six months of structured e-learning and a three-day capstone assessment module, which includes a comprehensive 65-question examination. The programme integrates the Task Force on Climate-related Financial Disclosures (TCFD), European Sustainability Reporting Standards (ESRS), Global Reporting Initiative (GRI), Carbon Disclosure Project (CDP), the Sustainability Accounting Standards Board (SASB), and other global reporting standards.

“The certification demonstrates our firm’s dedication to professional rigour and to supporting Singapore’s transition toward a sustainable, transparent economy,” as revealed by Ethan Ong, Director of Credo Assurance. “We aim to strengthen stakeholder confidence and enhance the quality of ESG reporting.”

New Sustainability Assurance Services to Support Businesses Across Sectors
Building on this certification, Credo Assurance has launched its sustainability assurance service. The firm will provide assurance on ESG disclosures, assess internal data controls, and advise on alignment with recognised frameworks such as GRI, ISSB, TCFD, and SASB. In addition, the service covers climate audit and reporting, ESG data verification, and training programmes to help companies integrate sustainability practices into daily operations.

Credo Assurance’s new offering aims to support a wide spectrum of organisations, from listed companies preparing for upcoming SGX requirements to SMEs participating in global supply chains. Industries with significant environmental or social footprints, such as energy, construction, manufacturing, transport, and real estate, are expected to benefit most from independent verification. These services also extend to firms seeking ESG-linked financing or those aiming to enhance their brand credibility and investor trust through transparent reporting.

Shaping the Future of ESG Assurance in Singapore
As Singapore moves toward mandatory climate-related disclosures in 2025, ESG assurance is set to become essential in the audit and accounting sector. Independent verification of non-financial information, such as carbon emissions, labour practices, or governance metrics, helps ensure sustainability reports present accountable and measurable performance.

“ESG assurance is the next evolution of trust in business reporting,” said Mr Ong. “It applies the principles of audit integrity to sustainability, enabling companies to demonstrate both their financial performance and their broader responsibility to society and the environment.”
Hashtag: #CredoAssurance #AccountingFirmSingapore #ESGAssurance


The issuer is solely responsible for the content of this announcement.

About Credo Assurance

Credo Assurance LLP is an ACRA-registered public in Singapore. They provide audit, accounting, and advisory services to both businesses and individuals, helping clients navigate complex regulatory requirements and economic challenges.

Continue Reading

Media OutReach

Understanding Credit Exemptions at SIM: A Guide for Polytechnic and SIM GE Diploma Graduates

Published

on

SINGAPORE – Media OutReach Newswire – 11 December 2025 – For Polytechnic and SIM GE diploma graduates aspiring to pursue a degree, one common consideration is the time required to complete their studies. SIM Global Education (SIM GE) offers credit exemptions and advanced standing options that may shorten the duration of selected programmes, subject to prior qualifications and programme-specific requirements.

Understanding Credit Exemptions

Credit exemptions enable students to receive recognition for modules previously completed during prior studies. This eliminates the need to repeat similar content, allowing eligible students to focus on new areas of learning. This practice, widely adopted in higher education, ensures students build upon existing knowledge while meeting the academic standards of their chosen degree programme.

Eligibility and Assessment

Credit exemptions at SIM GE are not granted automatically. Each application undergoes a rigorous evaluation to maintain academic integrity. The assessment considers several factors, including the relevance of previous qualifications to the chosen degree, the level and content of prior modules compared to the programme requirements, and the accreditation and recognition of the awarding institution. Through these measures, SIM GE ensures flexibility for students with diverse educational backgrounds while upholding academic excellence.

Types of Exemptions Available

SIM offers several pathways for credit exemptions, depending on prior qualifications and programme requirements. Holders of relevant Polytechnic or equivalent diplomas may receive exemptions that can reduce the overall study duration by up to one year, subject to programme-specific criteria and GPA requirements. Students who have completed SIM GE diplomas or other recognized qualifications may be eligible for advanced standing when enrolling in selected partner university programmes offered through SIM Global Education. For applicants with qualifications outside standard frameworks, exemptions are assessed individually on a case-by-case basis to ensure alignment with academic standards and programme requirements.

Key Information for Applicants

Credit exemptions are designed to acknowledge prior learning while ensuring that all students meet the academic standards of their chosen programme. They are not guaranteed and vary based on factors such as the relevance of previous qualifications, programme requirements, and institutional recognition. Applicants are encouraged to review the specific exemption policies for their intended programme and seek guidance from SIM Counsellors to understand their options.

References:

  1. SIM GE University Partners – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

The issuer is solely responsible for the content of this announcement.

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit

Continue Reading

Media OutReach

30 Million Strong: China Changan Automobile Group Hits Historic Production Milestone, Ushering in New Era of User-Centric, Tech-Driven Global Growth

Published

on

CHONGQING, CHINA – Media OutReach Newswire – 11 December 2025 – China Changan Automobile Group today celebrated a historic achievement as its 30 millionth vehicle—an AVATR 12 Quad-Laser Edition—rolled off the line at the AVATR Digital Intelligence Factory. The milestone signals Changan’s evolution into a global intelligent mobility technology company.

“Changan remains committed to delivering smarter, greener, and more fulfilling mobility, meeting the aspirations of global users for a better future.” said Zhu Huarong, Chairman of China Changan Automobile Group.

Uncompromising Safety: The “Safe Journey Home”

Safety is Changan’s top priority, a commitment dating back to 1999 with China’s first minivan crash test. Since then, the company has advanced its protective capabilities from passive safety structures to today’s active safety interventions. Backed by the industry’s only State Key Laboratory of Intelligent Vehicle Safety Technology, Changan uses its proprietary CA-ITVS verification system to subject vehicles to over 5 million kilometers of testing—guaranteeing a lifespan of 10 years or 260,000 kilometers.

In the smart era, Changan is redefining protection with its newly launched “SDA Intelligence”. Moving beyond physical defense, SDA Intelligence introduces a holistic safety ecosystem that secures both passengers and their data, ensuring a “Safe Journey Home” in every dimension.

Tech-Driven: Innovations That Matter

Driven by its Green and Intelligent strategies, Changan is bringing tangible innovations to market. The Green Plan targets electrification, battery safety, and new energy vehicle ecosystems, while the Intelligent Plan advances vehicle intelligence, autonomous systems, and connectivity. Key breakthroughs include the Golden Shield Battery system for superior safety, and the high-frequency pulse heating for cold-weather efficiency. The BlueCore 3.0 powertrain delivers hybrid and ICE solutions, balancing high performance with exceptional fuel economy. These technologies ensure that every journey is efficient and reliable.

A Bold Future: Smart Mobility and Global Reach

Looking ahead to 2030, Changan has unveiled a visionary roadmap to rank among the world’s top 10 automotive brands with annual sales of 5 million units. By 2030, Changan expects over 60% of sales to be new energy vehicles and 30% to come from overseas markets, solidifying its place on the world stage.

The issuer is solely responsible for the content of this announcement.

Continue Reading

Trending