Graphene Nanochem announced that the company will remove its shares from London's AIM market on Monday next week, following its failure to appoint a new nominated adviser.
This means that starting from next week, Graphene Nanochem will return to being a private company. The company does, however, say that it aims to acquire modular construction company CG TekBuild, and following this acquisition it expects to return to the AIM via an IPO.
Graphene Nanochem's nominated adviser and broker, Panmure Gordon, resigned - and shares in graphene nanochem have been suspended from trading since the end of January. This followed another long halt in trading from 2016, following the company's restructuring in April 2016. As part of the re-organization plans, Graphene Nanochem disposed of its platinum subsidiaries to focus on nanofluids (oil field chemicals), water treatment and enhanced building materials. It's not clear what direction will Graphene Nanochem take now.