Completion of APS RTO deal extended

Singapore

TRADERS balked at the uncertainty of Asia-Pacific Strategic Investments' reverse takeover deal involving miner Coeur Gold Armenia after the firm said - for the second time - that the deal needed more time to be sealed.

APS shares lost 0.9 Singapore cent, or just over 15 per cent, to end at five Singapore cents on Monday. It hogged the most active list on the local bourse with 87 million shares worth S$4.7 million done. Week on week, the counter has shed 17 per cent and is now trading at more than half the year's high of 10.7 Singapore cents scaled in early April.