AusGroup Limited (SGX:5GJ) is in discussions with several parties for the potential sale of certain assets and businesses. It has also suspended the trading of its shares following a halt called on November 7, 2022. Although these talks are at an advanced stage with indicative draft terms, the integrated service solutions provider said there is no assurance that any sale will materialise, it said in a bourse filing on (November 10, 2022).

As the group's board is also in talks with management over the company's financial position, it has recommended that AusGroup's shares be suspended from trading. “As the board and management are still in the midst of ascertaining the situation, a trading suspension would also provide market certainty and avoid market confusion,” the group said.