Niks Professional Proposes Delisting via Selective Capital Reduction; Shares Surge Over 17%

MT Newswires

2025/09/11

Niks Professional (SGX:NPL) will undertake a delisting exercise through a selective capital reduction process, according to a filing with the Singapore Exchange on Thursday.

The company's current issued and paid-up share capital is SG$6.5 million, comprising 130 million shares.

The selective capital reduction will serve as an exit offer to eligible shareholders, with the company looking to reduce the share capital by SG$5.1 million and canceling around 22.4 million shares, with the aggregate sum returned to shareholders at SG$0.23 per share.

The company has decided to take this course due to low trading liquidity, the filing said.

Shares of the company surged over 17% in Thursday trading.

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