Due to KTL Global (SGX:EB7
) ’s “dire financial situation”, the company is not suitable for voluntary liquidation — lacking the necessary funds to engage professionals required for such a process.
KTL Global, which is in the process of delisting from the Singapore Exchange (SGX:S68) mainboard, will not be making an exit offer.
In a bourse filing, the company says it does not have the financial resources to make an exit offer to its shareholders.
