SGX RegCo should require Aspen to provide regular updates on status of Honeywell deal

Ben Paul

Published Wed, Jun 2, 2021 · 05:50 AM

ASPEN (Group) Holdings should be pressed by Singapore Exchange Regulation (SGX RegCo) to provide more information and colour on why its glove unit's US$210 million supply agreement with Honeywell International has not been "consummated".

SGX RegCo should also require Aspen to provide a daily update on the status of this deal to ensure that investors are not blindsided by new developments that suddenly emerge.

Aspen announced that its glove making unit had secured the deal with Honeywell on April 13. But it retracted the announcement on April 24.

Aspen said in its retraction announcement that it had executed and deliv…