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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