Corporate digest

China Taisan Technology Group, China Hongxing Sports

THE Singapore Exchange (SGX) has separately issued delisting notifications to fabric maker China Taisan Technology Group, and sporting goods company, China Hongxing Sports. China Taisan will be delisted from SGX, as it was not able to exit the financial watch list by the deadline of June 4, 2020.

China Hongxing, which became a cash company in May 2018, is also set to be delisted. China Hongxing was granted several extensions by SGX to meet its new listing requirement as this involved a proposed reverse takeover that could make gold mining the core business of the company. However, SGX noted that as at July 7, there is a "lack of information on the financials and viability of the mining assets to demonstrate that the proposed transaction meets the requirements for a new listing".