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AusGroup trading halted pending review of press report

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Oil and gas subcontractor AusGroup has halted trading upon request by Singapore Exchange (SGX) regarding an article in the press.

OIL and gas subcontractor AusGroup has halted trading upon request by Singapore Exchange (SGX) regarding an article in the press.

AusGroup said it will review the article to see if any further disclosure is required.

On Friday, The Business Times said that a consent solicitation exercise could be launched as soon as Sept 7 to help it extend S$110 million of debt coming due.

BT said it understands that noteholders want their bonds secured as well as a small early repayment.

AusGroup last traded at S$0.039.

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