Corporate digest

Published Mon, Dec 11, 2017 · 09:50 PM

Technics Oil & Gas

TECHNICS Oil & Gas Limited has applied to the Singapore Exchange (SGX) and the Accounting and Corporate Regulatory Authority for an extension of time regarding the release of its financial statements for the fiscal year ended Sept 30, 2017 and the first quarter ended Dec 31, 2017, as well as the convening of its annual general meeting (AGM) for fiscal year 2017.

Through judicial managers Deloitte & Touche, Technics said that it needs more time as the company is still in the process of extensive restructuring, and it "would be more logical and meaningful, and less confusing to shareholders and investors", for the company's financial accounts to be announced and the AGM to be held after the company is discharged from judicial management. Deloitte & Touche said on July 25 that they had been granted High Court approval to extend judicial management of the company until Jan 16, 2018.

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