115 views
Photo from Shutterstock

AusGroup delists from SGX-Mainboard

The company is currently insolvent with debts exceeding its realisable assets.

AusGroup has applied for the company to be delisted from the Singapore Exchange (SGX) after being ordered by the Singapore High Court to wind up.

The company is currently insolvent and its debts far exceed its realisable assets. AusGroup also stated that no residual assets will remain for shareholders after liquidation.

In addition, AusGroup has no financial means to hold an extraordinary general meeting nor to appoint an independent financial adviser to advise on an exit offer.

The company has advised its shareholders and investors to consult their professional advisers if they have any doubt about the actions they should take.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!