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“SGX RegCo has engaged Novus Corporate Finance Pte Ltd, Axington Inc’s continuing sponsor, on its obligations under the Catalist Rules and we expect a response from Novus soon,” said SGX RegCo.
THE EDGE SINGAPORE - SGX RegCo is reminding Novus Corporate Finance that it is obliged, as a continuing sponsor to Catalist-listed Axington Inc, to assess the suitability of individuals appointed to the company’s boards.
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The checklist is to include their experience, expertise, character and integrity.
“Where necessary, appropriate investigations should be undertaken to evaluate suitability in light of recent developments,” said SGX RegCo on August 24.
