SINGAPORE - Catalist-listed lithium miner Alita Resources suspended trading of its shares on Tuesday morning , days after administrators and receivers were appointed in relation to its default on a secured A$40 million loan.
Alita Resources appointed KordaMentha as its voluntary administrators on Aug 28, according to its announcement on Friday. Alita Resources applied to the Singapore Exchange on Aug 29 seeking extensions of time to announce its financial results for fiscal 2019 by Nov 1, and to issue its annual report by Nov 29. It also requested for a two-month extension to convene its FY2019 annual general meeting as well as a one-month extension to issue its sustainability report, both by Jan 3 next year.
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