ecoWise requests suspension as directors disagree on response to SGX RegCo queries
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CATALIST-listed ecoWise Holdings on Friday requested for a trading suspension, as it works to respond to queries raised by Singapore Exchange Regulation (SGX RegCo) on June 14.
The environmental solutions provider said its directors have not been able to unanimously agree and finalise the announcement, with one director in dissent.
It added that there have been some recent developments in its operations and that the company requires more time to obtain information and update shareholders.
ecoWise had called for a trading halt before market open on June 15. But because Calalist rules state that a trading halt cannot exceed three market days, or such short extension as SGX agrees to, ecoWise is now requesting a trading suspension.
The company said this is to ensure important information is made available to facilitate orderly trading, and should not be taken to imply any wrong-doing.
Shares of ecoWise last traded at 7.8 Singapore cents on June 14.
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