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STOCKS | Staff Reporter, Philippines
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EMS Energy to delist from SGX

The company cannot make an exit offer due to financial constraints.

Off-field services equipment firm EMS Energy said that it has received a delisting notice from the Singapore Exchange Securities Trading Limited (SGX-ST) effective 4 October, according to an official statement.

The company had earlier announced that it is not in a financial position to make an exit offer. Controlling shareholder Ting Teck Jin also said that he cannot make an offer due to financial constraints.

EMS Energy said that it will continue to exist as an unlisted public limited company with all its existing shareholders after delisting, and is currently making arrangements with its share registrar and the Central Depository for the distribution of physical share certificates to shareholders.

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