SINGAPORE (March 14): Courts Asia, the regional retailer of furniture and household and IT appliances, is set to be delisted after losing its free float.

As at 5pm on Wednesday, offeror Nojima Asia Pacific now owns or have agreed to acquire 90% of Courts Asia.

SGX listing rules require listed members to ensure at least 10% of all shares, excluding treasury shares, to be held by the public.

In January, Nojima tabled a 20.5 cents cash offer for...(click on link for full story on theedgesingapore.com)