Halcyon Agri (SGX:5VJ) said the further extension granted by the Singapore Exchange Securities Trading Limited (SGX-ST) to comply with Rule 723 of the Listing Manual expired on August 23, according to a same-day filing on the Singapore Exchange.
Despite extensive efforts, the company has been unable to restore the free float required by the rule. The board stated that restoring the free float has proven challenging due to the minimum price requirement of SG$0.41 per share, as mandated by regulatory authorities in China.
The company had explored various options, including transferring shares and issuing new shares, but faced difficulties due to market conditions and regulatory constraints. Given these challenges, the board has decided not to seek an additional extension.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。