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…