$Yongnam (AXB.SG)$ anyone knows why is it suspended?

Fundamentalist : As they announced: 23 November 2022.
As you would be aware, the Company is undertaking ongoing negotiations which the Company hopes to advance with (i) a potential refinancing party (the “Refinancing”); or (ii) a potential strategic investor (the “Investment”). These negotiations and the underlying transactions are mutually exclusive.
The Company has been exploring these options as the construction industry continues to compete in a highly competitive operating environment where costs have been kept high by increased energy and construction material prices, and exacerbated by a tight labour supply. The intention of undertaking either the Refinancing or the Investment is to ensure that the Company is able to have sufficient funds to service its borrowings and is able to continue as a going concern.
Given the ongoing talks with potential financier and potential investor, we have temporarily suspended the trading of Yongnam Holding Limited’s shares.
With the current dynamic situation that the Company is in, a trading suspension would avoid any irregular movement in share price and prevent any irregular trading activities that may result from the leakage of any information which the Company has no control over. A trading suspension would also provide market certainty and avoid market confusion as the Company continues its focus on concluding the negotiations for the Refinancing or the Investment, with a view to strengthen the Group’s balance sheet, improve the cash flow position of the Group and preserve value for its stakeholders.
We seek your understanding and time as the Company strives to reach a conclusion with all parties concerned.

Fundamentalist : Still suspended. Finished liao

Fundamentalist : Very dirty management

Fundamentalist : SGX Bo Zo Gan...?

Fundamentalist : Jiang hu style now com/FileOpen/YH...

Moonlight moo : Yes. Change the ownership !