Alita Resources suspends trading after going into voluntary administration
Singapore
CATALIST-LISTED lithium miner Alita Resources suspended trading of its shares on Tuesday morning, days after administrators and receivers were appointed in relation to its default on a secured A$40 million (S$37.4 million) loan.
In a bourse filing on Tuesday morning, the company said it is "unable to reasonably assess its financial position as it is currently placed under administration". Accordingly, trading in its shares will…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Swiss watch exports plunge as China and Hong Kong demand dries up
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
BP reshapes its leadership team as some executives leave company
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals