RISK DISCLOSURE STATEMENT – SMALL OFFERS EXEMPTED SECURITIES
This offer (“Offer”) is made in reliance on the exemption under section 272A(1) of the Securities and Futures Act (“SFA”). It is not made in or accompanied by a prospectus that is registered by the Monetary Authority of Singapore (the “Authority”).
You should NOT invest in the securities offered unless you fully understand the risks and are prepared to take the risks. You should carefully consider whether this investment is suitable for you in light of your knowledge and experience in financial and business matters, investment objectives, financial means and the risks that you are prepared to take. The risks of investing in such securities include but are not limited to the following:
100% loss on such investments
There is a high risk that you may lose all your money on such investments.
Difficult to cash in or exit such investments
The securities to which the Offer relates shall not be subsequently sold to any person, unless the offer resulting in such subsequent sale is made (A) in compliance with Subdivision (2) and (3) of Division 1 of Part XIII of the SFA; (B) in reliance on section 272A (8)(c) of the SFA or any other exemption under any provision of this Subdivision (4) of Division 1 of Part XIII of the SFA (other than section 272A(1) of the SFA); or (C) where at least 6 months have elapsed from the date the securities were acquired under the Offer, in reliance on the exemption under section 272A(1) of the SFA.
It may be difficult or even impossible for you to cash in on or exit such investments. Such investments are subject to resale restrictions set out in section 272A(8) of the SFA, and there may not be a secondary market for them.
No disclosure requirements
You may not have sufficient information to make fully informed investment decisions. There is no statutory obligation for issuers or intermediaries to provide you with information that you would reasonably require to make informed assessments of offers being made to you.
No assurance that financial statements from the companies that you invest in will be accurate or accessible
The financial statements of the companies which you invest in may not be subject to a statutory audit. As such, the financial information presented to you may not have been ascertained by a qualified professional auditor. An unaudited financial statement may not accurately reflect the financial health of a company. In addition, the financial statements of the companies may not be made accessible to you in the absence of requirements in their home country for them to do so.
You should seek independent professional advice if you do not fully understand the risks of investing in securities offered on this platform/facility or any of the statements above.
ACKNOWLEDGEMENT OF RISKS IN THE RISK DISCLOSURE STATEMENT
The investments are risky! There is a high risk that you may lose all your money.
Do not invest unless you understand what you are investing in and can afford to lose your entire investment.
In particular, I acknowledge that I have received a copy of the RISK DISCLOSURE STATEMENT and fully understand its contents.
In particular, I acknowledge that :
- the risk of investing in companies with little or no track record is high*;
- I may not be able to receive any return (e.g. dividends or interests) on my investments or exit my investments in such companies within a reasonable time and
- I am prepared to lose all my investments in such companies made through this platform
* For every 10 new businesses formed in Singapore, 7 to 8 would cease operations in the same year.
Source: Singapore Department of Statistics, Formation & cessation of business entities in 2015, http://www.singstat.gov.sg/