Asiatravel.com suspends trading as going concern risk flagged

Asia travellers. Photo: Brevite/unsplash

Asiatravel.com Holdings Ltd. has decided to suspend trading of its shares as its auditors flagged the company’s ability to continue as a going concern.

The travel-reservation service provider has received queries from its creditors, suppliers and stakeholders on its financial position in recent days, and anticipates having to discuss repayment terms and explore options for extra funding, it said in a filing to the Singapore stock exchange Friday.

Asiatravel.com said its board recommended that its share trading be suspended immediately given the ‘‘dynamic situation.”

Bloomberg