DEBAO Property Development will be delisted from the Singapore Exchange (SGX) after it failed to submit a proposal to resume the trading of its shares within the stipulated time.

DEBAO Property Development has applied for more time to release its financial results as some of its employees in the finance team have been affected by travel restrictions within China amid the virus outbreak. 

DEBAO Property Development's subsidiary, Guangdong Debao Real Estate Investment, has inked a joint venture (JV) agreement with three parties.

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

DEBAO Property Development could end up on the Singapore Exchange's watch-list, after certain restatements meant it has now recorded pre-tax losses for the three most recently completed consecutive financial years.

DEBAO Property Development said on Monday that its independent auditor has issued a disclaimer of opinion on the group's financial statements for the 2018 financial year.

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

DEBAO Property Development said on Tuesday that the Accounting and Corporate Regulatory Authority (Acra) has rejected its application to extend the deadline for its annual general meeting (AGM) and fiscal 2018 financial statements.

DEBAO Property Development is proposing to sell a 43 per cent stake in Malaysia’s Profit Consortium (PC) for four million yuan (S$808,793) to Chinese management services firm Guangzhou Xu Zhuo Enterprise Management.