SMI Vantage faces delisting by SGX-ST

The company’s securities will be suspended on 2 September.

SMI Vantage Limited has announced that the Singapore Exchange Securities Trading Limited (SGX-ST) has rejected its request for a further extension to meet the SGX-ST Watchlist exit criteria.

SGX-ST informed the company that there are no valid reasons to grant the extension, moving the deadline to 31 July 2025.

The company’s securities will be suspended on 2 September and trading of shares shall be in effect until exit offer completion.

Under Listing Rule 1306, SMI Vantage Limited and its controlling shareholders are required to make a fair and reasonable exit offer to shareholders.

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