Microsoft Word - 958784_1.docx GMG GLOBAL LTD

(Incorporated in Singapore) (Co. Reg. No. 199904244E)



RESPONSE TO QUERIES FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST") ON THE TRADING ACTIVITY ("ANNOUNCEMENT")



In response to the queries raised by the SGX-ST in its letter dated 12 January 2016, the Board of Directors of GMG Global Ltd (the "Company") would like to provide the following response:-


Query 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.


Company's Response:


Please refer to the response to Query 2 below.


Query 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.


Company's Response:


On 12 January 2016, the CEO of the Company was made aware of an article in the Edge Markets dated 12 January 2016 (the "Article") in relation to a possible transaction by its shareholder, Sinochem International (Overseas) Pte. Ltd. ("Sinochem"). The Company thereafter made enquiries with Sinochem on the Article. After the close of trading on 12 January 2016, the Company received a letter from Sinochem dated 12 January 2016. Subsequently, the Company received a further letter dated 15 January 2016, which supersedes the earlier letter of 12 January 2016. The contents of the 15 January 2016 letter are as follows:


"RESPONSE IN RELATION TO MEDIA REPORTS PERTAINING TO SINOCHEM INTERNATIONAL CORPORATION, HALCYON AGRI CORPORATION LIMITED AND GMG GLOBAL LTD


  1. Reference is made to recent media reports relating to possible corporate actions relating to Sinochem International Corporation ("Sinochem International"), Halcyon Agri Corporation Limited ("Halcyon Agri") and GMG Global Ltd ("GMG Global").


  2. This letter shall supercede the contents of our letter of 12 January 2016.


  3. We are part of Sinochem International, and wish to inform you that as a matter of corporate strategy, we will from time to time engage in discussions with various industry players, with a view to exploring opportunities to enhance our investments and asset holdings.


  4. As part of such corporate strategy, we are currently in discussions with Halcyon Agri on a potential strategic transaction involving the combination of Halcyon Agri and our interests in GMG Global and certain rubber related assets of Sinochem International.

    GMG GLOBAL LTD

    (Incorporated in Singapore) (Co. Reg. No. 199904244E)



    RESPONSE TO QUERIES ON THE TRADING ACTIVITY Page 2



  5. The discussions on the potential transaction are ongoing, and if materialized, will be conditional on satisfaction of conditions precedent to be specified, including appropriate governmental, regulatory and shareholders' approvals as may be necessary. We wish to strongly emphasise that there is no assurance whatsoever that the discussions will eventually materialize into actual corporate transaction(s), as neither the terms nor the structure of the potential transaction have been finalised or approved, and no definitive agreement(s) have been concluded or entered into.


  6. We also note the substantial increase in share prices of Halcyon Agri and GMG Global on 12 January 2016, which if it had been prompted by the aforesaid media reports, would in our view be undesirably speculative in nature, as relevant parties continue to engage one another on terms of the potential transaction, and are not in any position to make a definitive announcement of these terms nor provide any indicative timing of the potential transaction.


  7. Shareholders of GMG Global are therefore strongly advised to refrain from taking any action in respect of their investment in GMG Global which may be prejudicial to their interests, and to exercise caution when dealing in the shares of GMG Global. In the event of any doubt, they should seek advice from their professional advisers accordingly."


Query 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?


Company's Response:


As far as we are aware, the Company is in compliance with the listing rules, in particular, Mainboard Rule 703.


Submitted by Li Xuetao, Chief Executive Officer on 15 January 2016 to the SGX-ST.

GMG Global Ltd. issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 13:32:01 UTC

Original Document: http://gmg.listedcompany.com/newsroom/20160115_211608_AXJ_Q50ZELKCISP40EFD.1.pdf