Creative Technology Terminates SEC Registration and Reporting Obligation ~ Creative Labs Zen MP3 Players Sound Blaster Card
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Saturday, February 14, 2009

Creative Technology Terminates SEC Registration and Reporting Obligation



SINGAPORE – February 12, 2009 -- Creative Technology Ltd. (“Creative” or the “Company”) announces that it intends to file a Form 15F with the United States Securities and Exchange Commission (“SEC”) to voluntarily terminate the registration of its Ordinary Shares under Section 12(g) as well as its reporting obligations under Sections 13(a) and 15(d) of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”). Pursuant to Rule 12h-6 under the Exchange Act, the SEC permits a foreign private issuer to terminate the registration of a class of securities under Section 12(g) of the Exchange Act if it meets certain requirements.

Upon the filing of the Form 15F, the Company’s reporting obligations under the Exchange Act will be suspended immediately and will terminate no more than 90 days after the filing, barring any objections from the SEC.

The Company decided to terminate the registration to reduce the administrative workload and costs associated with meeting specific SEC reporting requirements under the Exchange Act, which are in addition to the Company’s reporting obligations under Singapore law.

The Company’s Ordinary Shares will continue to be listed and trade on the Singapore Exchange Securities Trading Limited (“SGX-ST”). As a SGX-ST listed reporting issuer, the Company will continue to file its continuing disclosure documents with the applicable Singapore securities regulators.

2 comments:

Anonymous said...

What does it mean to people who have CREAF ADR stock in their US brokerage account and want to keep their investment (stock) in Creative? Is it possible for Creative to keep their ADR (tracking stock / ETF) without having to do SEC reports?

One of these days US exchange(s) may become an attractive place to trade again, and it may be easier then to revert to normal securities issue having tracking stock than do it all over anew.

Jimmyboy88 said...

you still can keep your CREAF ADR stock but if you want to trade it you have to go through SGX (Singapore Exchange)
now CREAF is not listed on NASDAQ anymore. hope this answers your question

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