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JES agrees to transfer its listing status to PLMP Blockchain

Published Fri, Aug 16, 2019 · 09:50 PM
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Singapore

JES International has struck a tentative deal with PLMP Blockchain Holding to transfer its listing status to PLMP by way of a scheme of arrangement.

JES is currently under judicial management and its shares have been suspended from trading since March 2015.

"One of the company's major intangible assets is its listing status. If the transfer is successful, it will provide some recovery to incumbent shareholders and creditors of the company,…

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