Singapore

SINOPIPE Holdings has applied to the Singapore Exchange (SGX) for an extension of time to complete a proposed acquisition that constitutes a reverse takeover (RTO), it announced on Tuesday night.

Under the earlier announced deal, Sinopipe was to transfer its listing status from the SGX Mainboard to sponsor-based Catalist bourse. The firm is currently a cash company and its shares have been suspended from trading since Apr 2, 2012.