delisting

Buyout

Courts Asia to be delisted after losing free float

SINGAPORE (Mar 14): Courts Asia, the regional retailer of furniture and household and IT appliances, is set to be delisted after losing its free float.

SE Asia Stocks

Singapore's stock market is shrinking, but does it matter?

(Feb 12): Robson Lee had a decision to make. In his more than two-decade career as a capital-markets lawyer in Singapore, he’d helped more than 30 companies list on the country’s stock exchange, bringing to market everything from a grocery store chai

Update

SGX RegCo proposes new delisting rules to protect minority interests

SINGAPORE (Nov 9): The Singapore Exchange Regulation (SGX RegCo) is proposing several changes to its delisting rules for Singapore companies, and expects to implement the new delisting rules next year.

Buyout

Parent company garners 90.1% stake in Wheelock Properties at close of offer; starts delisting process

SINGAPORE (Oct 2): Wheelock and Company will proceed to delist Wheelock Properties (Singapore) from the Singapore Exchange following the successful conclusion of its $2.10 privatisation offer for the latter.

In print this week

Will VARD be able to convince its shareholders to say yes to it delisting?

SINGAPORE (May 11): VARD Holdings announced on May 10 that it would submit an updated draft circular for its delisting proposal to the Singapore Exchange for a review. Its major shareholder Fincantieri Oil & Gas has also extended the deadline for the 25 c

AusNet to delist from SGX but maintain ASX listing

SINGAPORE (May 2): AusNet Services is planning to voluntarily delist from the Singapore Exchange although it will continue to maintain its primary listing on Australian Securities Exchange.

In print this week

Will VARD minority shareholders turn up in force to stop the company’s delisting?

SINGAPORE (Apr 27): S Nallakaruppan owns 220,800 shares in shipbuilder VARD Holdings and plans to vote against the resolution to delist the company at its extraordinary general meeting (EGM) scheduled for April 30. But he knows there is very little chance

Management & Corporate Governance

DMX Technologies receives SGX approval to delist; in discussions to sell Malaysia subsidiary

SINGAPORE (Mar 6): DMX Technologies has received approval from the Singapore Exchange (SGX) to delist upon start of the creditors’ voluntary liquidation (CVL) process.

Results

Vard sees 4Q losses double to NOK 131 mil on lower margins after reassessment

SINGAPORE (Mar 1): Vard Holdings reported a doubling of 4Q17 losses to NOK 131 million ($22.2 million) from its net loss position of NOK 67 million a year ago.

Inch Kenneth Kajang Rubber to cease trading of shares on London Stock Exchange from Nov 6

SINGAPORE (Oct 11): Shares of Inch Kenneth Kajang Rubber will cease trading on the London Stock Exchange (LSE) with effect from Nov 6.
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