Memstar reminded by SGX to arrange for its de-listing
Singapore
MEMSTAR Technology has been reminded by the Singapore Exchange (SGX) to arrange for its de-listing.
Memstar received the reminder on April 6, 2018, the company said in a Singapore Exchange announcement on April 15, and said that it will keep shareholders updated on any material developments.
It was previously notified in May 2016 to delist after Memstar, deemed a cash company after selling its membrane manufacturing business to United Envirotech, saw a US$420 million reverse takeover deal of natural gas developer Longmen Group fall through due to fund-raising challenges by Longmen.…
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