CATALIST-LISTED AGV Group has proposed to undertake a renounceable non-underwritten rights issue to raise net proceeds of between S$3.6 million and S$19.3 million.

AGV Group said on Thursday that its board is of the view that it is able to continue as a going concern, in response to queries from the Singapore Exchange on its full-year financial results ended Sept 30, 2018.

ST Engineering on Tuesday announced that it has received its first contract for its autonomous material handling solutions for an undisclosed sum, in a filing to the Singapore Exchange.

A SURGE in zinc prices and structural damage to its zinc kettle dragged down AGV Group's results for the full-year ended Sept 30, with its net loss almost tripling from a year ago. 

AGV Group said that two of its directors have resigned.

THE following companies saw new developments that may affect trading of their shares on Friday:

AGV Group Limited is seeking an extension of two months for its AGM for FY2018 to be held by Mar 31 instead of Jan 31 as the company's auditors need more time to finalise and issue their audit report.