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LionGold prompts query from SGX, looks to extend debt restructuring deadline
LIONGOLD Corp - one of the trio involved in the penny stock crash of 2013 - was queried by the Singapore Exchange (SGX) on Thursday over the stock's unusual trading activity.
It said in response that it plans to discuss with creditors over ways to extend a deadline over a debt restructuring proposal. The long stop date then was Dec 28, 2017.
The restructuring is tied to an outstanding debt of some S$15.8 million.
LionGold was the most actively traded counter listed on SGX on Thursday, with 724 million shares changing hands. The stock closed flat at S$0.002.