SINGAPORE (Nov 28): Hiap Seng Engineering before market open on Thursday called for a trading suspension, citing concerns over the group’s ability to operate as a going concern.

The 69-year-old company, which provides mechanical engineering services to the oil and gas, petrochemical and pharmaceutical industries, has fallen on hard times amid the industry downturn.

Shares in Hiap Seng closed flat at 2 cents per share on Nov 27 – a long way down from a recent peak of 19.2 cents in March 2017.

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