Compact Metal Industries to delist on 8 March

The high court has approved its proposed restructuring scheme.

Mainboard-listed Compact Metal Industries will delist on 8 March 2019.

According to an announcement, a copy of the court order approving the company’s proposed restructuring scheme has been lodged with the Accounting and Corporate Regulatory Authority (ACRA) on 4 March.

The scheme has therefore become effective and binding in accordance with its terms on 4 March 2019, Compact Metal Industries said.

Shares will be debited from and NewCo shares will be credited into the securities accounts of depositors on 6 March 2019.

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