MANILA – EMS provider Ionics EMS will be delisted from the Singapore stock exchange June 23, a voluntary move in order to cut compliance costs.

The company, a subsidiary of Ionics Inc., will have its last trading day June 8. On May 31, Ionics bought 2.616 million EMS Ionics shares worth S$39,240, bringing its current total to 1.4 billion shares, or 90% of the subsidiary’s total equity. A cash offer has been made for the remaining 10%.