Regal International Group Limited (SG:UV1) has released an update.
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Regal International Group Ltd. has been notified by the Singapore Exchange Securities Trading Limited (SGX-ST) of its impending delisting, following a series of compliance failures including an unaddressed disclaimer of opinion from its former auditor, lack of timely financial reporting, and the absence of an annual general meeting since 2021. The company’s shares have been suspended since March 2021 due to these issues, which also involve potential listing rules breaches identified by an independent review. Despite regulatory demands for the company to clarify its financial position and address internal control weaknesses, Regal International has yet to meet these requirements.
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