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Sinopipe seeks extra time to complete RTO deal
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Claudia Chong
Published Wed, May 1, 2019 · 09:50 PM
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.
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