Vividthree Holdings has appointed UOB Kay Hian Private Limited (UOBKH) as its continuing sponsor, with effect from Oct 9.
UOBKH is set to replace the group’s current continuing sponsor, RHT Capital.
With the new appointment, the group also expresses its appreciation to RHT Capital for its past guidance and sponsorship.
Shares in Vividthree Holdings OMK closed flat at 2.7 cents on Oct 8.
Update
Vividthree has explained that the change in its continuing sponsor was due to "commercial reasons". The company issued a statement on Oct 9 in response to the Singapore Exchange Securities Trading Limited's (SGX-ST) query.
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"The company appreciates the efforts of the previous sponsor and there has been no disagreement," it added.
