CITIC Envirotech to delist from SGX on 23 January

This follows after it stated that they will not extend its exit offer.

Engineering firm Citic Envirotech has announced that it will be delisted from Singapore Exchange (SGX) on 23 January, revealed its bourse filing.

This comes after the firm stated that it will not extend its exit offer beyond 17 January. It earlier made an exit offer to acquire all shares of the company at $0.55 each.

Also Read: Citic Envirotech share trading halts after losing free float status

The total shares owned, controlled, and acquired or agreed to be acquired by the group is 2.3 billion shares or 94.90% stake at the company.

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