No Signboard Holdings will resume the trading of its shares on March 15 after obtaining concurrence from Singapore Exchange Regulation (SGX RegCo) on March 14.
The company had earlier received a no-objection letter from SGX RegCo on its application for trading resumption on March 12, subject to fulfilling the agreed upon trading resumption conditions.
On March 13, No Signboard fulfilled these conditions, which comprised of disclosures including the legal opinion on the validity of the resolutions passed during the company’s November 2022 extraordinary general meeting (EGM), pro-forma financial statements in relation to its acquisition of a new catering business and the board’s opinion on the group’s ability to operate as a going concern.
The company also disclosed the board’s confirmations that the working capital available is sufficient for its present requirements and for at least 12 months after the date of resumption of trading of the company’s shares.
As such, shares in No Signboard will resume trading with effect from 9.00am on March 15.
Shares in No Signboard Holdings last traded at 3.1 cents before its trading suspension on Jan 24, 2022.
