The suspension will remain in effect until completion of the exit offer, following which the company will be delisted.
The trading of SMI Vantage’s shares will be suspended from Sept 2 following after the SGX-ST rejected its application for a further extension of time to meet the requirements to be removed from the SGX watch-list.
In a filing, the company says SGX-ST has carefully considered its representation and submission. However there are no extenuating reasons to grant a further extension of 12 months until July 31, 2025.
