Grand Venture Technology (GVT) says that discussions around the possible transaction involving the company are still ongoing and there is “no certainty or assurance” that such discussions will progress beyond the current stage, or that any transactions will proceed.

The mainboard-listed company announced on June 1 that it entered into “confidential discussions” with a third party and as a result is putting a pause on its plan for a secondary listing on Bursa Malaysia.

GVT says that it will make the necessary announcements, in compliance with the requirements of the listing manual of the Singapore Exchange, in the event of any material developments.

Shares in Grand Venture Technology closed 1 cent lower or 1.047% down at 94.5 cents on July 1.