Huan Hsin receives notice to delist; to provide exit offer

SINGAPORE (Dec 19): Huan Hsin, the electronics contract manufacturer, has today received a notice to delist from the Singapore Exchange (SGX) for failing to meet its profitability and market capitalisation requirements on the Mainboard of SGX.

SGX also ordered Huan Hsin to advice on an exit offer proposal within one month.

On Mar 5, 2014, the group was placed on the watch-list under the financial exit criteria and was required to meet the criteria by Mar 4, 2016, to be removed from the watch-list.

---

Related Stories

• Boustead Singapore receives exit offer acceptances totalling 7,230,809 shares in Boustead Projects
• LHN provides cost breakdown for proposed transfer to SGX Mainboard ahead of EGM
• Challenger’s majority shareholder exercises right of compulsory acquisition

---