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ATTILAN Group said on Monday it has recorded pre-tax losses for the last three consecutive financial years, and that its latest six-month average daily market capitalisation as at April 11, 2016, is S$5.268 million.
According to Rule 1331(1) of the Listing Manual, Singapore Exchange (SGX) will put an issuer on a watch-list if it records pre-tax losses for the three most recently completed consecutive financial years (based on audited full-year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last six months.
Attilan said it will make an announcement should it be notified that it will be placed on the watch-list.
SGX conducts quarterly reviews on the first market day of March, June, September and December of each year.