Z-Obee to delist from SGX on Nov 28
MOBILE handsets solution provider Z-Obee Holdings announced that its shares will be delisted from the Singapore Exchange (SGX) with effect from Nov 28.
For shareholders in Singapore with their shares deposited with the Central Depository (CDP) as at the delisting date, their relevant shares will be withdrawn from CDP.
Z-Obee had said that it intends to carry out future fundraising activities through the Hong Kong stock exchange. The firm has a primary listing on the Stock Exchange of Hong Kong, and a secondary listing on SGX.
But trading in Z-Obee's shares in Hong Kong has been suspended since June 2014, after the firm appointed two provisional liquidators in Hong Kong. The stock was also suspended on the SGX in July.
Until the fulfilment of all the resumption conditions imposed by the Hong kong exchange, trading in the shares of the group will continue to be suspended until further notice, Z-Obee said on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won