SunMoon Food Company requested that its trading halt introduced on Monday be converted to a voluntary suspension.
The trading halt was called last evening as SunMoon's largest 29.71% shareholder First Alverstone Capital is responding to queries from the Securities Industry Council related to the notifications on the change of shareholding interests the company and two individuals Gary Loh Hock Chuan and Selena Cheng Koh Min had filed on Sept 21.
SunMoon, the distributor and retailer of fresh and processed fruit, says there still no certainty as to when the queries will conclude.
Given that the unknown outcome of the queries will create market speculations and that a trading halt cannot exceed three market days under SGX rules, the company has requested voluntary suspension of the counter.
SunMoon will keep shareholders informed of any further development and will make further announcements as and when appropriate.
SunMoon last traded at 5 cents.
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The trading halt was called last evening as SunMoon's largest 29.71% shareholder First Alverstone Capital is responding to queries from the Securities Industry Council related to the notifications on the change of shareholding interests the company and two individuals Gary Loh Hock Chuan and Selena Cheng Koh Min had filed on Sept 21.
SunMoon, the distributor and retailer of fresh and processed fruit, says there still no certainty as to when the queries will conclude.
Given that the unknown outcome of the queries will create market speculations and that a trading halt cannot exceed three market days under SGX rules, the company has requested voluntary suspension of the counter.
SunMoon will keep shareholders informed of any further development and will make further announcements as and when appropriate.
SunMoon last traded at 5 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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