EMAS Offshore to appeal Oslo exchange's order to delist from April 27

SINGAPORE (Feb 20): The Oslo Stock Exchange has ordered the delisting of EMAS Offshore from the bourse from April 27, citing the company’s inability to disclose financial information within deadlines as the reason.

In a filing last night, EMAS Offshore's executive director Lee Kian Soo says the group intends to appeal to the stock exchange's appeals committee by March 5 as the order to delist comes at a time when the restructuring exercise with its creditors has made "significant progress".

In defence, EMAS Offshore says it intends to bring its restructuring process to a successful close and is working closely with its auditors to finalise the delayed financial information.

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