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Broadway Industrial Seeks Extension Amid Trading Suspension

Story Highlights
  • Broadway Industrial Group Limited seeks a three-month extension to comply with listing rules.
  • The company faces trading suspension due to insufficient public shareholding spread.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Broadway Industrial Seeks Extension Amid Trading Suspension

The latest announcement is out from Broadway Industrial Group Limited ( (SG:B69) ).

Broadway Industrial Group Limited, a company incorporated in Singapore, has announced its application for an extension of time to comply with Rule 724(2) of the Singapore Exchange’s Listing Manual. This follows the suspension of trading of its shares due to not meeting the public shareholding spread requirement as per Rule 723. The company is seeking a three-month extension to address this issue, while the Offeror is considering options regarding the company’s listing status, with an intention to make it a wholly-owned subsidiary.

More about Broadway Industrial Group Limited

YTD Price Performance: 2.11%

Average Trading Volume: 2,089,300

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$88.91M

Find detailed analytics on B69 stock on TipRanks’ Stock Analysis page.

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