United Food Holdings was placed on the watch-list since June 6, 2019, after it recorded pre-tax losses for three straight financial years. Its market capitalisation then was also less than the regulatory $40 million.
Food products company United Food Holdings (SGX:AZR
) says it is “making its best efforts” to complete its exit offer and will make a formal announcement in the subsequent two weeks.
The company was directed by the Singapore Exchange (SGX:S68) Regulation (SGX RegCo) to be delisted in August 2024 after the company was unable to address concerns highlighted by an independent auditor. United Food Holdings was also unable to fulfil the criteria to exit the SGX’s watch-list so far.
