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.
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