You are here

SGX wants Sunvic Chemical to keep equity sale proceeds in escrow

Singapore

SINGAPORE Exchange Regulation (SGX RegCo) has directed Sunvic Chemical to place the 384.6 million yuan (S$77.13 million) proceeds from a proposed equity sale in escrow as it is concerned over the company's unauthorised corporate guarantees which have exposed it to 226 million

sentifi.com

Market voices on: