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PR Newswire
13-03-2015, 01:38 PM
From what i have read, they have not ruled out share consolidation. Just that at the AGM in April 2015, this is not on the books. They will reply at a later date on what they intend to do and it just might be a share consolidation.
"The Company intends to comply with the MTP Requirement which is a continuous listing requirement in due course and remain on the Mainboard of the SGX-ST. The Company does not intend, however, to conduct a share consolidation exercise at the time of its Annual General Meeting in April 2015. It will make a further announcement of its plans to meet the MTP Requirement as and when appropriate."
"The Company intends to comply with the MTP Requirement which is a continuous listing requirement in due course and remain on the Mainboard of the SGX-ST. The Company does not intend, however, to conduct a share consolidation exercise at the time of its Annual General Meeting in April 2015. It will make a further announcement of its plans to meet the MTP Requirement as and when appropriate."