Incredible Holdings, Watches.com appoint joint independent reviewer

CATALIST-LISTED companies Incredible Holdings and Watches.com have appointed Provenance Capital as the joint independent reviewer for all corporate actions and fundraising exercises in the last 12 months.

The appointment comes at the direction of the Singapore Exchange Regulation (SGX RegCo), having issued a notice of compliance on Jun 27.

The scope of the independent review includes the circumstances that led to these transactions and corporate actions, whether these were entered on normal commercial terms and not unfavourable to the company’s and minority shareholders’ interests, if these transactions and corporate actions make commercial sense and how these transactions and corporate actions would support both Incredible Holdings’ and Watches.com’s goals and plans.

Provenance Capital will report solely and directly to SGX RegCo. The companies will update shareholders as and when material developments on the matter occur, including key findings of the independent review, where appropriate.

Shares of Incredible Holdings closed unchanged at S$0.002 on Monday (Jul 25), while Watches.com ended also unchanged at S$0.009.