The trading of SMI Vantage’s shares will be suspended from Sept 2 following after the SGX-ST rejected its application for a further extension of time to meet the requirements to be removed from the SGX watch-list.
In a filing, the company says SGX-ST has carefully considered its representation and submission. However there are no extenuating reasons to grant a further extension of 12 months until July 31, 2025.
The suspension will remain in effect until completion of the exit offer, following which the company will be delisted.
The company is currently considering its next steps.
Shares in SMI Vantage closed at an unchanged 0.5 cents on Aug 29.
