The transaction also is subject to Aussino's compliance with the Singapore Exchange's listing rules, but Aussino said Friday its financial adviser believed the company wouldn't be able to comply with them.

WSJ: Singapore Stymies Myanmar Mogul Zaw Zaw's Bid for Listing

Citi will remain on the New York Stock Exchange, as last week the NYSE relaxed its listing rules to allow stocks that fall under a dollar to maintain their listing.

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