Jet Technics

Jet Technics: Typically upon delisting, the company is required to provide a reasonable exit offer to shareholders, and appoint an independent financial adviser to advise on the offer. However in Jet's case, neither the exit offer nor the appointment of an IFA had been met. So Tat Wing, the chairman and managing director, had since been reprimanded by SGX for the non-compliance. Shareholders could either take legal action on a recourse, or wait for SGX to carry out its legal proceedings on the company.