RTO: Albedo gets waiver on pro forma financial data

CATALIST-LISTED Albedo will not be required to disclose the pro forma financial information for its existing business and its target company, Reflections Oasis, after having received a waiver from Singapore Exchange.

This is given that the operations and financial position of the existing group are not relevant to, and will not form part of, the operations and financial position of the listed group.

In September, Albedo said that it had agreed to a $774.14 million reverse takeover deal that would transform the Singapore steel trading company into a major property developer in Iskandar Malaysia.