Changjiang Fertilizer at risk of being kicked out of the SGX
It’s now classified as a cash company.
Changjiang Fertilizer Holdings needs to find new business in order to keep its listing status on the SGX.
Changjiang reported that it has been designated as a cash company effective April 14.
Following this classification, Changjiang’s shares will be suspended until it has a business which is able to satisfy the SGX-ST’s requirements for a new listing.