Astaka says it can continue as going concern, shares should not be suspended
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Singapore
THE board of Catalist-listed property developer Astaka Holdings on Friday said that it is of the opinion that the company's shares should not be suspended because it "believes the group has the ability to continue as a going concern".
It said this in response to a Singapore Exchange query on Wednesday asking the board to address or explain its assessment of the group's financial health and the basis for the assessment, as well as its opinion as to whether the trading of the company's shares should be suspended under going concern circumstances.
