Yongnam (Delisted) (AXB) Stock Price, News, Quotes-Moomoo

0.026
0.0000.00%

10min DelayNot Open Apr 12 09:00 CST

18.30MMarket Cap-388P/E (TTM)

SymbolStock Name

Latest PriceChg% ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D % Chg10D % Chg20D % Chg60D % Chg120D % Chg250D % Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry

WatchlistPaper Trade

Comments

Lamborghini168

May 27 09:13

what's the update?

$Yongnam (Delisted) (AXB.SG)$

Ah Zee

Nov 24, 2022 21:00

$Yongnam (Delisted) (AXB.SG)$ anyone knows why is it suspended?

Fundamentalist : As they announced: 23 November 2022.
As you would be aware, the Company is undertaking ongoing negotiations which the Company hopes to advance with (i) a potential refinancing party (the “Refinancing”); or (ii) a potential strategic investor (the “Investment”). These negotiations and the underlying transactions are mutually exclusive.
The Company has been exploring these options as the construction industry continues to compete in a highly competitive operating environment where costs have been kept high by increased energy and construction material prices, and exacerbated by a tight labour supply. The intention of undertaking either the Refinancing or the Investment is to ensure that the Company is able to have sufficient funds to service its borrowings and is able to continue as a going concern.
Given the ongoing talks with potential financier and potential investor, we have temporarily suspended the trading of Yongnam Holding Limited’s shares.
With the current dynamic situation that the Company is in, a trading suspension would avoid any irregular movement in share price and prevent any irregular trading activities that may result from the leakage of any information which the Company has no control over. A trading suspension would also provide market certainty and avoid market confusion as the Company continues its focus on concluding the negotiations for the Refinancing or the Investment, with a view to strengthen the Group’s balance sheet, improve the cash flow position of the Group and preserve value for its stakeholders.
We seek your understanding and time as the Company strives to reach a conclusion with all parties concerned.

Report
Reply

Cancel Reply
Fundamentalist : Still suspended. Finished liao

Report
Reply

Cancel Reply
Fundamentalist : Very dirty management

Report
Reply

Cancel Reply
Fundamentalist : SGX Bo Zo Gan...?

Report
Reply

Cancel Reply
Fundamentalist : Jiang hu style now com/FileOpen/YH...

Report
Reply

Cancel Reply