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PR Newswire
04-06-2019, 06:38 PM
Notification of Inclusion on the Watch-List Due to the Minimum Trading Price Entry Criterion
Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company on 4 June 2019 that the Company will be placed on the Watch-list with effect from 6 June 2019 pursuant to Listing Rule 1311(2) of the SGX-ST Listing Manual.
The Company will take active steps to meet the requirements of Listing Rule 1314(2) of the SGX-ST Listing Manual within 36 months from 6 June 2019, failing which the SGX-ST would delist the Company or suspend trading in the Company’s shares with a view to delisting the Company.
Listing Rule 1314(2) of the SGX-ST Listing Manual states that the issuer will be assessed by the SGXST for removal from the Watch-list if it records volume weighted average price of at least S$0.20 and an average daily market capitalisation of S$40 million or more over the last 6 months.
Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company on 4 June 2019 that the Company will be placed on the Watch-list with effect from 6 June 2019 pursuant to Listing Rule 1311(2) of the SGX-ST Listing Manual.
The Company will take active steps to meet the requirements of Listing Rule 1314(2) of the SGX-ST Listing Manual within 36 months from 6 June 2019, failing which the SGX-ST would delist the Company or suspend trading in the Company’s shares with a view to delisting the Company.
Listing Rule 1314(2) of the SGX-ST Listing Manual states that the issuer will be assessed by the SGXST for removal from the Watch-list if it records volume weighted average price of at least S$0.20 and an average daily market capitalisation of S$40 million or more over the last 6 months.
Specuvestor: Asset - Business - Structure.