Corporate digest

Matex International

TEXTILE specialty chemical maker Matex International will not be going ahead with plans to purchase coal-mining company Blackgold Holdings Hong Kong and its mines in Chongqing, China. This is because parties to the proposed reverse takeover have not extended the long-stop date of March 31, 2016, Matex said on Friday. Separately, Matex said it is still in the process of selecting a continuing sponsor for its proposed transfer to the Catalist, the sponsor-supervised listing platform of SGX. Matex was placed on SGX's minimum trading price watch list on March 3.

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