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Aussino Group calls for shareholders' meeting to decide on company's future

Published on Jan 13, 2014 12:06 PM

Bedlinen retailer Aussino Group said on Monday that it is calling for an extraordinary general meeting (EGM) to decide on the fate of the company.

Shareholders will meet on Jan 28 to decide on whether they wish to wind up the company or explore other fundraising options to recapitalise the company.

This comes after the Singapore Exchange (SGX) rejected the company's request to extend the deadline for it to be removed from the bourse operator's watch list last November.

Aussino was placed on the SGX watch list in 2011 after three consecutive years of losses.

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