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SGX RegCo investigating Magnus Energy disposal

It's looking into possible breaches of the Catalist rules after Magnus' sale of interest in firm

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As the disposal involved negative relative figures under Catalist rule 1006, Magnus Energy should have consulted SGX RegCo.

Singapore

THE Singapore Exchange's regulatory arm (SGX RegCo) on Friday notified Catalist-listed Magnus Energy Group to put on hold all corporate transactions until its board is fully reconstituted, and said it would investigate a disposal by the firm for possible breaches of the Catalist...

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