ecoWise Holdings will resume trading of the company' s shares on the Catalist board of the Singapore Exchange (SGX) on Apr 25, 2025 at 9am, according to a bourse filing on Apr 24.

 

The company, which is involved in the business of resource recovery, renewable energy and integrated environmental management solutions, was suspended after it requested for a trading halt due to internal disagreements on how to respond to queries from the SGX RegCo.

 

The queries involved whether CEO and executive chairman Lee Thiam Seng agreed to the release of the 1HFY2021 results and if he had provided confirmation on the accuracy of the financial statements as required under listing rules.

 

The company subsequently announced on June 25, 2021, among others, that Lee had concerns over certain transactions and their impact on the group' s 1HFY2021 results due to insufficient information provided to him by the finance team.

 

EY was appointed as the special auditor on Aug 27, 2021.

 

The group says that the resumption of trading follows its fulfilment of all relevant requirements under the " Notice of Compliance" issued by the SGX-ST. Over the years, the group says that it has worked to address concerns raised and implement measures to strengthen its financial performance and position, and its governance and operational framework procedures.