This comes after the company notified the Singapore Exchange Securities Trading (SGX-ST) on April 1 of its cash company status according to Catalist listing rules, given that it does not currently have any “revenue-generating business”, according to an exchange filing on Tuesday.
SINGAPORE: Catalist-listed Axington, linked to the scandal-hit Loh cousins, is now a cash company and faces the risk of delisting if it does not acquire a new business within a year.
This comes after the company notified the Singapore Exchange Securities Trading (SGX-ST) on April 1 of its cash company status according to Catalist listing rules, given that it does not currently have any “revenue-generating business”, according to an exchange filing on Tuesday.
Axington, linked to Loh cousins, now a cash company facing risk of being delisted
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The Straits Times
Good evening! Catch up on some of the main headlines on Tuesday, March 9.
PublishedMar 9, 2021, 6:39 pm SGT
https://str.sg/Jjpy
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SINGAPORE - A lack of funds at Novu Aesthetics, a chain of clinics run under a subsidiary of the troubled Novena Global Healthcare (NGH) co-founded by Singaporean cousins Nelson and Terence Loh, has led to doctors being taken off the roster, some staff left unpaid, and patients unable to book treatments.
Two of its six clinics, at Raffles City and Northpoint mall, have also permanently shuttered, The Straits Times has confirmed.
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