PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES RESULTS OF ITS EXTRAORDINARY GENERAL MEETING AND SHARE CONSOLIDATION
The Board of Directors believes it is in the best interests of the Company and its Members to maintain compliance with the minimum bid requirements set forth in Nasdaq Listing Rule 5550(a)(2) (the 'Minimum Bid Requirements') and be traded on the Nasdaq Capital Market. The Minimum Bid Requirements require that the Company's ordinary shares maintain a minimum bid price of $1.00 in order to continue listing on the Nasdaq Capital Market. The Board believes that effecting the Reverse Stock Split of 1:9 will facilitate compliance with the Minimum Bid Requirements
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Premium Catering (Holdings) Limited
Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladesh and Chinese cuisine and has over 11 years of experience in the catering services industry in Singapore. The Group primarily supplies budget prepared meals to foreign construction workers in Singapore. In addition, the Group operates food stalls and provides buffet catering services for private functions as well as ancillary delivery services. Since 2019, the Group has introduced smart incubators where prepared meals are placed in them for collection by the customer. The smart incubators are the Company's custom-made compartmentalized, heated and insulated food vending lockers which are used to deliver budget prepared meals to customers in a secured, hygienic, contactless manner at a pre-set temperature.
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under 'Risk Factors,' may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
Contact:Sarah LohThe Chief Financial OfficerTelephone +65-67901488IR@premium-catering.com.sg
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Anduril, Blue Origin to study how to transport cargo from orbit to earth for the Pentagon
Blue Origin and Anduril have landed new study contracts with the U.S. Air Force to explore how their technology, including rockets, could move military cargo around the world. The contracts under the Air Force's Rocket Cargo program are relatively small – Blue Origin's comes in at $1.37 million and Anduril's at $1 million. But they could be the first steps in revolutionizing how the Pentagon transports cargo. Study contracts like these are also a strong signal as to which players will later compete for larger-dollar funding. Anduril's contract is especially intriguing and suggests the defense startup is making forays into an entirely new business line. The two awards fall under the U.S. Air Force Research Laboratory's Rocket Experimentation for Global Agile Logistics (REGAL) program. Blue Origin did not respond to TechCrunch's request for comment, and an Anduril spokesperson directed TechCrunch to AFRL. REGAL is the experimentation arm of AFRL's larger Rocket Cargo program, which is focused on 'delivery as a service' via orbital transport. The Air Force wants to procure these capabilities via service-type contracts, similar to how the DoD contracts commercial airlines. The aim of the REGAL program is to prove out commercial, reusable rockets, reentry systems, and cargo transportation systems to enable deliveries to remote or hard-to-reach theaters in less than an hour. While there isn't much public information about REGAL's scope of work or timeline, the requests for proposals that underly the awards contain some interesting information. Blue's contract, according to the sparse award listing, is for an analysis of how its tech could support 'point-to-point material transportation.' The listed place of performance is Merritt Island, Florida, Blue's home on the Space Coast and where it is developing the heavy-lift New Glenn rocket. Anduril's design study contract, which also falls under REGAL, was awarded under a separate call for proposals called 'Payload Rentry from Space Development and Demonstrations.' Cutting through the jargon, the proposal implies Anduril will study how to develop a reentry container that can carry between 5 tons to 10 tons of payload from Earth and back. The listing, which can be viewed on emphasized that the container needs to work with different rocks and the study should propose a thermal protection system. Anduril's 'payload container,' as the listing calls it, should integrate multiple government-defined payloads and work across platforms. Reentry is a notoriously difficult problem to solve in spaceflight. Developing materials that can survive atmospheric reentry, and a container that doesn't completely destroy the contents involved, is a challenge. A handful of startups, like Varda Space Industries, have developed reentry capsules for in-space manufacturing, and SpaceX's Dragon capsule brings back cargo and astronauts from the ISS. But overall, the number of vendors that can deliver this capability is limited. The news of the two contracts, which haven't been reported, follows on Rocket Lab's own REGAL contract that was announced earlier this year. That contract explicitly has a flight demonstration step, though AFRL hasn't released other details on that award, like the amount. If rocket cargo services mature, the Pentagon could buy 'delivery as a service,' with massive loads riding a commercial heavy rocket and returning to Earth inside a capsule for quick offload. Long term, AFRL said the program could even include point-to-point transportation of humans. Sign in to access your portfolio
TechCrunch
25 minutes ago
- TechCrunch
Anduril, Blue Origin to study how to transport cargo from orbit to earth for the Pentagon
Blue Origin and Anduril have landed new study contracts with the U.S. Air Force to explore how their technology, including rockets, could move military cargo around the world. The contracts under the Air Force's Rocket Cargo program are relatively small – Blue Origin's comes in at $1.37 million and Anduril's at $1 million. But they could be the first steps in revolutionizing how the Pentagon transports cargo. Study contracts like these are also a strong signal as to which players will later compete for larger-dollar funding. Anduril's contract is especially intriguing and suggests the defense startup is making forays into an entirely new business line. The two awards fall under the U.S. Air Force Research Laboratory's Rocket Experimentation for Global Agile Logistics (REGAL) program. Blue Origin did not respond to TechCrunch's request for comment, and an Anduril spokesperson directed TechCrunch to AFRL. REGAL is the experimentation arm of AFRL's larger Rocket Cargo program, which is focused on 'delivery as a service' via orbital transport. The Air Force wants to procure these capabilities via service-type contracts, similar to how the DoD contracts commercial airlines. The aim of the REGAL program is to prove out commercial, reusable rockets, reentry systems, and cargo transportation systems to enable deliveries to remote or hard-to-reach theaters in less than an hour. While there isn't much public information about REGAL's scope of work or timeline, the requests for proposals that underly the awards contain some interesting information. Blue's contract, according to the sparse award listing, is for an analysis of how its tech could support 'point-to-point material transportation.' The listed place of performance is Merritt Island, Florida, Blue's home on the Space Coast and where it is developing the heavy-lift New Glenn rocket. Anduril's design study contract, which also falls under REGAL, was awarded under a separate call for proposals called 'Payload Rentry from Space Development and Demonstrations.' Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Cutting through the jargon, the proposal implies Anduril will study how to develop a reentry container that can carry between 5 tons to 10 tons of payload from Earth and back. The listing, which can be viewed on emphasized that the container needs to work with different rocks and the study should propose a thermal protection system. Anduril's 'payload container,' as the listing calls it, should integrate multiple government-defined payloads and work across platforms. Reentry is a notoriously difficult problem to solve in spaceflight. Developing materials that can survive atmospheric reentry, and a container that doesn't completely destroy the contents involved, is a challenge. A handful of startups, like Varda Space Industries, have developed reentry capsules for in-space manufacturing, and SpaceX's Dragon capsule brings back cargo and astronauts from the ISS. But overall, the number of vendors that can deliver this capability is limited. The news of the two contracts, which haven't been reported, follows on Rocket Lab's own REGAL contract that was announced earlier this year. That contract explicitly has a flight demonstration step, though AFRL hasn't released other details on that award, like the amount. If rocket cargo services mature, the Pentagon could buy 'delivery as a service,' with massive loads riding a commercial heavy rocket and returning to Earth inside a capsule for quick offload. Long term, AFRL said the program could even include point-to-point transportation of humans.
Bloomberg
26 minutes ago
- Bloomberg
Japan's Firms Shun Longer Tenor Bonds as Yields Jump, Risks Rise
Bonds with the longest maturities are disappearing from Japan's corporate market as surging yields push companies into shorter debt, saving costs for now but leaving them more exposed to refinancing risks. Corporate bond sales this fiscal year are set to top last year's record, with about 75% in maturities of up to five years and 22% in over five years and up to 10 years. Bonds with tenors of more than 20 years have almost vanished, with the only issuer of 30- and 40-year deals being University of Tokyo, one of Japan's most prestigious universities.
