Singapore’s popular electronics, IT and furniture superstore – Courts Asia, is likely to be delisted from SGX after losing its free (public) float – the portion of shares of a corporation that are in the hands of public investors. On Wednesday, Nojima Asia Pacific (the offeror ) who owns or have agreed to acquire 90% of Courts Asia. SGX – Singapore Exchange Securities (SGX-ST) requires all listed members to have at least 10% of shares, to be held by the public at any one time. In January, Nojima Asia Pacific announced a 20.5 cents…
Read MoreCourts Asia to be Delisted from SGX?
