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Swee Hong gives notice that it meets criteria for SGX watch-list

Wednesday, August 31, 2016 - 22:57

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Engineering group Swee Hong Ltd on Wednesday night said it has recorded three consecutive years of pre-tax losses, and that its latest six-month average daily market capitalisation is below S$40 million (as at Wednesday, this was at S$27.7 million)

ENGINEERING group Swee Hong Ltd on Wednesday night said it has recorded three consecutive years of pre-tax losses, and that its latest six-month average daily market capitalisation is below S$40 million (as at Wednesday, this was at S$27.7 million) - meeting the criteria of being placed on a Singapore Exchange (SGX) watch-list.

The company said it will make an immediate announcement should it be notified by SGX that it will be placed on a watch-list.

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