SMI Vantage

SMI Vantage to hold EGM for company to delist without exit offer - THE EDGE SINGAPORE

Delistings

SMI Vantage to hold EGM for company to delist without exit offer

The EGM is the last of four options, which include the possibility of an exit offer from the company’s controlling shareholders or the company itself.

Company in the news

Trading of SMI Vantage’s shares to be suspended from Sept 2

SGX-ST rejected its application for a further extension of time to meet the requirements to be removed from the SGX watch-list.
SMI Vantage to delist from SGX after failing to exit watch-list - THE EDGE SINGAPORE

Delistings

SMI Vantage to delist from SGX after failing to exit watch-list

The company is considering its next steps, including making an appeal of the decision.

Markets

The not-so-great pivot

Companies in Singapore have diversified and pivoted their businesses following the pandemic, to a host of mixed results.
Bitcoin rally breathes fresh hope for two SGX-listed companies that pivoted to crypto - THE EDGE SINGAPORE

Cryptocurrency

Bitcoin rally breathes fresh hope for two SGX-listed companies that pivoted to crypto

The recent Bitcoin rally brings renewed optimism for SMI Vantage and OIO Holdings.

Cryptocurrency

SMI Vantage places order for additional digital mining facility amid strong Bitcoin interest upsurge

This follows the installation of its first containerised digital mining facility in January.

Company in the news

SMI Vantage’s first containerised bitcoin mining facilities arrive at new location in East Malaysia

This follows an agreement it signed in December, which allows the company to start bitcoin mining in a new location in Sarawak.

Company in the news

SMI Vantage granted extension of time to meet SGX watch-list exit requirements

SMI Vantage now has till July 31, 2024 to comply with the rules to exit the SGX’s watch-list.

Company in the news

SMI Vantage to set up Bitcoin mining business in Sarawak

The new machines and lower cost of electricity enables SMI Vantage to mine Bitcoin more cost-effectively.
Tuan Sing in share buybacks; mining rig seller cuts stake in SMI Vantage - THE EDGE SINGAPORE

Insider moves

Tuan Sing in share buybacks; mining rig seller cuts stake in SMI Vantage

As at Dec 31, 2022, Tuan Sing’s net asset value was 100.4 cents per share.
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