FORMER Apple products reseller Epicentre Holdings has received the go-ahead from the Singapore Exchange (SGX) to delist from the Catalist board, in the absence of an exit offer.

“Given that the company is in liquidation and has insufficient assets to meet its liabilities, (it) does not have the means to make an exit offer, and/or make any distribution to the shareholders,” Epicentre’s liquidators announced in a Monday (Sep 12) filing.

The beleaguered company previously announced plans to delist in January, after the High Court ordered that it be wound up. Its executive chairman Kenneth Lim Tiong Hian is said to be involved in rogue loans of S$27.6 million, according to special auditor Ernst & Young Advisory.

In a letter dated Sep 7, SGX said it has no objection to Epicentre’s application to delist. Trading in the company’s shares has been suspended since 2019.