Weight loss and spa treatment firm Mary Chia Holdings called for a trading halt yesterday, a day after it asked for more time to hold its annual general meeting for the financial year ended March 31.
The company cited high staff turnover which had led to a delay in the closing of its accounts.
Mary Chia said its accounts and those of its subsidiaries were closed at the end of May.
As a result, their external auditors had just commenced their audit and will need time to complete the audit field work and review of the annual report for this year.
SGX on Wednesday allowed the company to hold its AGM on Sept 15 instead of July 30, subject to certain conditions.
These include Mary Chia disclosing reasons for the extension and the conditions imposed.