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Vantage Responds to Securities Investors Association Over Delisting, Exit Offer Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=2522081681","media":"MT Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522081681?lang=en_us&edition=fundamental","pubTime":"2025-03-25 06:53","pubTimestamp":1742856802,"startTime":"0","endTime":"0","summary":"SMI Vantage  responded to questions from the Securities Investors Association  regarding its delisting and business diversification efforts, according to a Monday filing on the Singapore Exchange.The company, placed on SGX's watchlist since December 2019, cited challenges from the COVID-19 pandemic and Myanmar's political situation, which slowed revenue recovery.The board unanimously rejected liquidation and the need for an independent financial adviser, citing limited financial resources.The company said it would comply with Singapore's Companies Act and maintain shareholder communications post-delisting even.SMI Vantage also defended its unwinding of the Provino acquisition, denying claims of preferential treatment.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK6105","Y45.SI","BK6516"],"gpt_icon":0},{"id":"2510020439","title":"SMI Vantage to Unwind Acquisition of Provino Logistics After Delisting Notice","url":"https://stock-news.laohu8.com/highlight/detail?id=2510020439","media":"MT Newswires","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510020439?lang=en_us&edition=fundamental","pubTime":"2025-02-10 06:33","pubTimestamp":1739140412,"startTime":"0","endTime":"0","summary":"SMI Vantage  will unwind its acquisition of a 51% stake in Provino Logistics, following its delisting notice from the Singapore Exchange , according to a Friday filing on the local bourse.The company had acquired 255,000 ordinary shares in Provino for SG$1.7 million in March 2024, comprising a cash payment of SG$520,200 and the issuance of 25.3 million new shares.Under the unwinding, SMI Vantage will return its stake in Provino to the original sellers, who will refund the initial SG$260,100 cash payment. The remaining deferred cash obligation of SG$260,100 will be canceled, and the company aims to recover the issued shares.SMI Vantage cited difficulties in expanding Provino's logistics business due to its inability to raise capital without a listing.The company is working with advisers on how to retrieve the 25.3 million shares, including options such as a selective share buyback or capital reduction, which would require shareholder approval.The company expects to record a net gain on ","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["Y45.SI","BK6105","BK6516","NEX.SI","BK6520","BK6039"],"gpt_icon":1},{"id":"2490055197","title":"SMI Vantage Financial Controller Steps Down","url":"https://stock-news.laohu8.com/highlight/detail?id=2490055197","media":"MT Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490055197?lang=en_us&edition=fundamental","pubTime":"2024-12-10 12:10","pubTimestamp":1733803806,"startTime":"0","endTime":"0","summary":"SMI Vantage's (SGX:Y45) group financial controller, Jennifer Tan Pao Lu, stepped down from the role, effective Dec. 9, to pursue other career opportunities, according to a same day filing with the Singapore Exchange.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["Y45.SI"],"gpt_icon":0}],"pageSize":4,"totalPage":3,"pageCount":1,"totalSize":10,"code":"91000000","status":"200"}],"@#url:\"https://hq.skytigris.cn/market/plate/belongs/Y45.SI\",params:#limit:6,delay:true,,,undefined,":[{"market":"SI","name":"Banking & Investment Services","bkCode":"BK6516","id":"package_si_concept_yhytzfwgn","changeRate":-0.0062}]}}