SINGAPORE (May 30): Epicentre Holdings, the former reseller of Apple products which is exploring new business areas, has called for a trading suspension pending an announcement, it said on Thursday morning before the market opened.
Epicentre had called for a trading halt on Monday pending the release of an announcement. Before the halt, the counter fell 2 cents to close at 1.8 cents.
In December, Epicentre had terminated the $400 million proposed reverse takeover of two property companies -- a Thai property developer and Chinese hotel manager -- after selling off its loss-making Apple reseller business here to a competitor.
See: Epicentre eyes entry into regional property in RTO plan; ditches Apple reseller business, proposed rights issue
In the same filing, the company said it remains committed to exploring new businesses with potential for growth, in order to provide regular and growing revenue streams for the group and to enhance the long-term value for the company and shareholders.
Last Friday, the company was queried by the Singapore Exchange for unusual price movements after its share price plunged 6.6 cents, or 63%, to close at 3.8 cents.
In its response to SGX after the market had closed, the company said it was not aware of any information nor had any possible explanation which might explain the trading.
In a separate filing on the same day, the company announced the appointment of senior finance manager Xu Yan to her new role as new financial controller who will oversee overall accounting, financial reporting and the information technology and logistics systems. Xu replaces Khoo Lay Fen - who is also the joint company secretary - who resigned on May 31 to pursue other interests.
Shares in Epicentre last traded at 1.8 cents on May 27.
