SUBSCRIBERS
AGV flags going concern uncertainty amid Covid impact
It doesn't plan to lift trading halt, will request voluntary trading suspension
Published Wed, Nov 24, 2021 · 09:50 PM
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
