AusGroup delists from SGX-Mainboard

The company is currently insolvent with debts exceeding its realisable assets.

AusGroup has applied for the company to be delisted from the Singapore Exchange (SGX) after being ordered by the Singapore High Court to wind up.

The company is currently insolvent and its debts far exceed its realisable assets. AusGroup also stated that no residual assets will remain for shareholders after liquidation.

In addition, AusGroup has no financial means to hold an extraordinary general meeting nor to appoint an independent financial adviser to advise on an exit offer.

The company has advised its shareholders and investors to consult their professional advisers if they have any doubt about the actions they should take.

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