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Compact Metal Industries will not be delisting on April 3, SGX-ST confirms

Michelle Zhu Published on Mon, Mar 27, 2017 / 6:07 PM GMT+8

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SINGAPORE (March 27): Singapore Exchange Securities Trading Limited (SGX-ST) has confirmed that trading of Compact Metal Industries’ shares will not be suspended from 9am on April 3 next month, as originally announced.

In an aftermarket announcement on Monday, Compact Metal adds that pending the final outcome of appeals against SGX-ST’s rejection of its request for an extension of time to be removed from the SGX watch list, the company does not have to take any step in connection with the suspension, exit offer and delisting dilemma which it presently faces.

Compact Metal has been on SGX’s watch list since March 4, 2015, with a cure period of 24 months to make an application for its removal.

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Compact Metal Industries will not be delisting on April 3, SGX-ST confirms