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Penny stocks still languishing despite consolidation

Some two-thirds of the 37 mainboard companies shed value after meeting minimum trading price rule

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The share consolidations that numerous mainboard-listed firms have undergone thus far to comply with Singapore Exchange's minimum trading price (MTP) rule seem to have largely turned out to be a case of one step forward, two steps back - hardly the most encouraging sign for the many others that may soon have to take a similar path.

Singapore

THE share consolidations that numerous mainboard-listed firms have undergone thus far to comply with Singapore Exchange's minimum trading price (MTP) rule seem to have largely turned out to be a case of one step forward, two steps back - hardly the most encouraging sign for the

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