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Emas Offshore to request voluntary suspension of shares on SGX
EMAS Offshore, a majority-owned unit of troubled offshore services firm Ezra Holdings, said it will request a voluntary suspension of its shares on the Singapore Exchange (SGX).
This follows an announcement by the Oslo Bourse, where it is also listed, last Friday that the Financial Supervisory Authority of Norway has ordered the Oslo stock exchange to suspend trading in the counter effective trading close on March 3 as it had yet to release its audited annual report for 2016. The deadline to do that was end-year 2016.
"The suspension will be lifted upon publication of the audited annual financial information for 2016," said the company in an announcement over the weekend.
On the Singapore bourse, the counter fell 9 per cent to close at five Singapore cents last Friday.