Singtel, the parent company of Optus, has today advised it has received approval to delist from the ASX, with trading to be suspended from May 29.Singtel yesterday advised that it had applied for delisting from the ASX, requesting to remove its listed securities, in the form of CHESS Depositary Interests, from the official list of the ASX, citing low trading volume, liquidity and market demand.
Singtel stated that its “business and operations in Australia will not be affected”.
“There will be no change in Singtel’s business strategy as it remains committed to growing and investing in its Australian business,” Singtel stated upon advising of the move.
As reported by Fairfax Media, Singtel chief corporate officer Jeann Low stated Singtel does not have plans to sell or float Optus or any other business division “at this point in time”.
Singtel will be removed from the official list of the ASX on June 5.
