Manhattan Resources

Manhattan Resources: Following a trading query by SGX in regards to its share movement, the group replied it is currently in preliminary discussions with certain parties on potential business opportunities, including possible investments in a magnesium mine, power plant and hospital. However, the Company wishes to emphasize that such discussions are only at a preliminary stage and nothing definitive has been reached at this juncture. There is no certainty or assurance that the company will enter into any definitive agreement or that the business opportunities will materialise. The Company is also in discussions to undertake an internal restructuring exercise in relation to its Chinese subsidiary. Shareholders and investors are advised to exercise caution when dealing or trading in the shares of the Company in the meantime. The Company will make appropriate announcements if there are any material developments in relation to the foregoing in compliance with the listing rules.