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Controlling shareholder of Abterra under liquidation

Firm calls for trading halt, saying it needs time to assess the impact, as stock dives following the news

Published Wed, Dec 7, 2016 · 09:50 PM

Singapore

NATURAL resources trader Abterra Ltd said on Wednesday that its controlling shareholder, General Nice Resources (Hong Kong), has been put under liquidation by the High Court of Hong Kong.

General Nice Resources has a direct interest of 34.96 per cent in Abterra.

"The board is assessing the impact on the company including whether the company is able to operate on a going concern and will make the necessary announcement in due course," Abterra said in a regulatory filing …

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