Thursday, December 19, 2013


Aussino: Following the receipt of delisting notification from SGX on 21 Nov, the company announced that there may not be an exit offer after seeking various options, due mainly to its capital deficiency of $3.3m recorded in its latest 1QFY14 results. As a last straw, the group now intends to seek shareholders' approval to either (i) commence a winding up of the Company; or (ii) explore fund-raising options to recapitalise its business operations, and if necessary, apply for judicial management.

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