Libra Group's going-concern status crippled by claims
Add BT as a preferred source
Michelle Quah
Singapore
CATALIST-listed Libra Group announced on Tuesday that it will not be able to continue as a going concern, as stipulated by Catalist rules, due to various claims that have been filed against two subsidiaries of the company.
The mechanical and electrical engineering firm said its board has recommended that its shares be suspended from trade, with immediate effect, to "ensure that no person is trading in the shares of the company without sufficient information that is required to enable such a person to make an informed decision".
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
Marina Bay Sands casino’s winning streak puts pressure on rival Resorts World Sentosa
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
