Huan Hsin must delist, provide exit offer; company to appeal SGX order

Singapore

THE Singapore Exchange (SGX) has ordered electronics contract manufacturer Huan Hsin Holdings to delist because of its failure to meet mainboard requirements on profitability and market capitalisation.

The stock will continue to trade until the market close of Jan 18, 2019, and will be suspended from 9am on Jan 21 until the completion of a mandatory exit offer. Huan Hsin shares closed at 1.5 Singapore cents on Wednesday, down 11.8 per cent or 0.2 Singapore cent.