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AGV flags going concern uncertainty amid Covid impact

It doesn't plan to lift trading halt, will request voluntary trading suspension

Tan Nai Lun

Published Thu, Nov 25, 2021 · 05:50 AM

Singapore

AGV Group warned that the lack of financial support amid Covid-19's impact on its business has resulted in a material uncertainty over its ability to continue as a going concern.

This comes amid the termination of its October share placement, and notice from its controlling shareholder who said he would not provide financial support for the company's cash gap in full.

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