Yamada Green Resources allowed to resume trading on June 1

YAMADA Green Resources said on Saturday (May 28) that the Singapore Exchange (SGX) has informed the company that it may resume trading on June 1.

In March this year, SGX had informed the company that it had no objection to the company’s application for the resumption of trading, subject to certain conditions.

The conditions include the appointment of a Singapore-based chief financial officer, with the proposed appointment to be approved by SGX; and for Yamada Resources to perform quarterly reporting, with all financial statements released to be reviewed by the company’s statutory auditor, Foo Kon Tan.

The China-based mushroom supplier said it has fulfilled the requirements, and it will be making a request to resume trading after market closes on May 31.

Yamada Green shares last traded at S$0.33 before the shares were suspended in September 2017.