KLW Holdings requests for trading halt

CATALIST-LISTED door maker KLW Holdings has requested for a trading halt in its shares before market open on Thursday, saying it is "pending the release of an announcement".

The troubled company in January suspended its shares after it failed to find a replacement for SAC Capital, which said in October that it would stop being KLW's sponsor after Dec 31 because its initial assessment of the company was rendered inapplicable by changes to the company and a special audit.

In March, KLW announced it has entered into an option to purchase two units located at 2 Kallang Avenue for about S$2.28 million. The units will act as an office, showroom, display and base for project operations of the company, KLW had said.