Shares in Hiap Seng closed flat at 2 cents per share on Nov 27 – a long way down from a recent peak of 19.2 cents in March 2017.
SINGAPORE (Nov 28): Hiap Seng Engineering before market open on Thursday called for a trading suspension, citing concerns over the group’s ability to operate as a going concern.
The 69-year-old company, which provides mechanical engineering services to the oil and gas, petrochemical and pharmaceutical industries, has fallen on hard times amid the industry downturn.
