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MARKETS & INVESTING | Staff Reporter, Singapore

SGX approves delisting of steel manufacturer Delong Holdings

The application was sent on 21 August.

Singapore Exchange (SGX) has approved the delisting of steel manufacturer Delong Holdings, according to a company announcement.

The company sent an application to SGX for delisting on 21 August.

The number of listed companies has been declining since 2013, and is expected to only gain momentum, according to a Fitch Solutions report. DBS said that there are about 14 companies undergoing privatisation this year.

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