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China Haida fails to get SGX nod for S$3.3m rights issue

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Sharanya Pillai

Sharanya Pillai

Published Mon, Jan 13, 2020 · 09:50 PM

Singapore

MAINBOARD-LISTED China Haida is scrapping its planned rights issue that could have raised net proceeds of about S$3.3 million, after failing to get the green light from the Singapore Exchange (SGX).

The SGX informed watch-listed China Haida on Monday that it is unable to approve the rights issue, due to concerns raised in the "trade with caution" notice the bourse issued last week.

china haidaCorporate governance

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