Nico Steel on SGX watch-list

Published Mon, Sep 5, 2016 · 12:44 AM

NICO Steel Holdings announced that it has been placed on the Singapore Exchange (SGX) watch-list with effect from Monday.

The mainboard-listed provider of metallurgical solutions said that it will have to take active steps to restore its financial health and meet the requirements of Listing Rule 1314(1) within 36 months from Monday, failing which SGX would delist the company or suspend trading in its shares with a view to delisting it.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes