Corporate digest

Cacola Furniture International, Compact Metal Industries

MAINBOARD-listed Cacola Furniture International and Compact Metal Industries are facing delisting after the Singapore Exchange (SGX) denied their requests for extra time to exit the watch-list.

Both companies are appealing. They were added to the watch-list after posting three straight years of losses with average daily market capitalisation of less than S$40 million over the last six months. They have to post at least one profitable year and also have an average daily market capitalisatio…