Challenger Technologies plans to submit documents for proposed delisting by this week

Challenger Technologies, which has 38 stores in Singapore, said delisting makes sense given it has not carried out any capital-raising exercise since 2007 and is unlikely to require access to funding to finance operations in the future.
Challenger Technologies, which has 38 stores in Singapore, said delisting makes sense given it has not carried out any capital-raising exercise since 2007 and is unlikely to require access to funding to finance operations in the future.PHOTO: ST FILE

SINGAPORE - Challenger Technologies said it will submit documents to the Singapore Exchange (SGX) this week for its proposed delisting after shareholders questioned the IT retailer's timeline for the buyout on Monday (April 29).

The firm's statement will go some way to addressing concerns that investors raised at the firm's annual general meeting (AGM).

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