Murata Manufacturing (TYO:6981, SGX:M20) has decided to delist from the Singapore Exchange, citing persistently low trading volumes, according to a filing with the exchange on Tuesday.
The Japanese manufacturer of electronic components, also listed in Tokyo, said the move would reduce administrative overhead and compliance costs associated with maintaining a dual listing.
Additionally, the company said it has not carried out any fundraising activities in Singapore, adding that its primary listing in Tokyo is sufficient to meet its future debt and equity fundraising requirements.
Price (SGD): S$2360.00, Change: S$+55, Percent Change: +2.36%
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