Don Agro International (SGX:GRQ) completed the disposals of its units, including Don Agro and Volgo-Agro, on July 5, according to a Monday filing on the Singapore Exchange.
Following the transactions, Don Agro, now a cash company, must comply with Catalist Rule 1017 by placing 90% of its cash in escrow.
The company has 12 months to secure a new business meeting based on SGX listing requirements or face delisting.
Don Agro is exploring options, including applying for waivers from certain Catalist Rule requirements.
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