SIWI SCI & TECH (01202) has officially called off its proposed sale of the entire equity interest in Putech New Material, which was slated to be conducted through a public listing process.

According to a company announcement, the public listing period was extended, but upon its expiration on the date of the notice, no bids had been received. Consequently, the potential divestment has lapsed and been terminated as of that same date.

The board has determined that discontinuing the planned sale will not exert any significant adverse impact on the group's financial standing or operational activities. Should the company decide to revisit the disposal of the said interest via a public listing in the future, it will issue a formal announcement in accordance with the listing rules at the appropriate time.