MAE-2.12.17
Past version: Effective from 01 Oct 2017 to 31 Mar 2022
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(i) Update of onsite development of projects:
A. Original development plan and its deliverables and milestones and any amendments thereon.
B. Report on physical progress made since last report.
C. Report on any official planning or other permission obtained or outstanding.
D. Next step and anticipated completion date.
(ii) Utilisation of Proceeds: Report of amount spent during the preceding 6 months period and on a cumulative basis, and identification of the recipients of material amounts (10% or above) of such amount spent. This would include payments made to any related party of the equity crowdfunding issuer.
(iii) Disclosure of financial result: Reviewed quarterly or audited annual financial statements.
(iv) Information about the board members and members of senior management.
(v) Litigation or disputes: Disclosure of any claims brought against the equity crowdfunding issuer or any complaint brought by investors or any investigation by regulatory bodies against the concerned equity crowdfunding issuer , their directors and management.
(vi) Board Resolution: Briefing on resolutions passed by the board
(vii) Pledging or sale of assets of, or acquisition of additional debt by the equity crowdfunding issuer:
A. Details of any charges or pledges created over the assets of the equity crowdfunding issuer , or sales of assets and whether such sales or pledges are consistent with the disclosure made in the original equity crowdfunding offering statement .
B. Details of any additional debt facilities undertaken by the equity crowdfunding issuer and the amount drawn down.
Added: October 2017