Sunrise Shares Receives Notice of Termination from Sponsor; Shares Down Nearly 3%

MT Newswires

01/15

Sunrise Shares (SGX:581) received a notice of termination from its sponsor, Novus Corporate Finance, due to commercial reasons, according to a Wednesday filing with the Singapore Exchange.

Shares of the property consultancy and management firm were down nearly 3% in Thursday trading.

The sponsor sent a three-month notice, with the last day of service being April 13.

The company will now look to source a new continuing sponsor, the filing added.

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