Brief: Comfortdelgro Corporation Halts IPO Plans For Australian Subsidiary

ComfortDelGro

10/11/2021 09:23

Nov 10 (Reuters) - Comfortdelgro Corporation Ltd  CMDG.SI :
    * COMFORTDELGRO HALTS IPO PLANS FOR AUSTRALIAN SUBSIDIARY
    * NO LONGER PURSUING AN INITIAL PUBLIC OFFERING (IPO) FOR
ITS
AUSTRALIAN SUBSIDIARY
    * NO MATERIAL IMPACT ON OPERATIONS OF CDG AUSTRALIA AND ITS
GROUP
FROM IPO WITHDRAWAL
    * IPO CONDITIONS IN AUSTRALIA HAVE BECOME MORE CHALLENGING
AND
OTHER STRATEGIC OPTIONS HAVE PRESENTED THEMSELVES.
    * NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON EARNINGS PER
SHARE
OF FOR FINANCIAL YEAR ENDING 31 DECEMBER 2021
    * INTENT IS STILL TO ENHANCE VALUE OF AUSTRALIAN ASSETS & WE
WILL
CAREFULLY EVALUATE ALL STRATEGIC ALTERNATIVES

Source text for Eikon:  ID:nSNJYgvs 
Further company coverage:  CMDG.SI 

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