SGX RegCo Mandates Delisting of Halcyon Agri
SGX RegCo Mandates Delisting of Halcyon Agri
The company failed to restore its public float.
公司未能恢復其公開流通股。
The Singapore Exchange Regulation (SGX RegCo) has mandated the delisting of Halcyon Agri Corporation.
新加坡交易所監管委員會(SGX RegCo)已經命令合盛農業集團除牌。
In its delisting notice, SGX RegCo said it had given Halcyon Agri "sufficient time" to comply with Listing Rule 723, but the company failed to comply.
在其除牌通知中,SGX RegCo表示已經給予合盛農業集團「充分的時間」來遵守第723條上市規則,但公司未能遵守。
On 24 April 2023, the company's public float fell below 10%. It failed to restore its free float even after 13 months of extension from the regulator.
2023年4月24日,公司的公開流通股份下降到10%以下。即使在監管機構延長了13個月的期限後,仍未能恢復其自由流通股。
Given the delisting mandate, Halcyon Agri Corporation or its controlling shareholders must provide shareholders with a "fair and reasonable exit offer."
考慮到除牌命令,合盛農業集團或其控股股東必須向股東提供「公平合理的退出要約」。
In a bourse filing, the company said it has "duly noted" the regulator's directives and is "considering the necessary actions. "
公司在交易所提交的文件中表示已「注意到」監管機構的指示,並正在「考慮必要的行動」。
譯文內容由第三人軟體翻譯。
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