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Aussino halves after it gets SGX delisting notice

Remaining minority shareholders seen 'scrambling for the exit': trader

Singapore

SHARES in Aussino Group plunged 50 per cent to a new low of 3.6 cents yesterday, after the Singapore Exchange (SGX) issued a delisting notification to the bedlinen retailer and rejected its application for a time extension to meet certain listing requirements.

More than 84 million shares worth $3.4 million changed hands.

In a statement on its watch-list status issued on Thursday, Aussino said SGX's letter dated Nov 21 noted that it had recorded a negative cashflow from its operating activities...

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