YORKSHINE Holdings will be delisted from the Singapore Exchange's Mainboard from 9am on Sept 28, the tin-plate manufacturer said in a clarification on on Friday, following its notification of its delisting the day before.

THE Singapore Exchange (SGX) will proceed to delist Yorkshine Holdings following its failure to comply with criteria to exit from the bourse's watchlist, the company announced in a filing on Thursday. Yorkshine intends to appeal against this decision.

YORKSHINE has sunk into the red with a third-quarter net loss of US$989,000 for the three months ended Jan 31, 2019, from a net profit of US$8.2 million a year ago.

YORKSHINE Holdings' net loss for the first quarter of fiscal 2019 has widened to US$4.0 million compared to a US$1.3 million loss for the year-ago period.

YORKSHINE Holdings on Wednesday night said it is in the process of identifying a suitable CEO candidate, and considering the appointment of additional independent non-executive directors to enhance corporate governance within its board.