Sunvic Chemical notes 3 years of losses, at risk of joining SGX's watchlist

SUNVIC Chemical Holdings has flagged that it has recorded pre-tax losses for three consecutive financial years and said that it would make an immediate announcement if it is to be placed on the Singapore Exchange (SGX) watchlist.

Under the listing rules, companies with pre-tax losses for the three most recently completed, consecutive financial years and with an average daily market capitalisation of under S$40 million for the last six months will be added to the watchlist. Sunvic Chemical's latest six-month average daily market capitalisation is around S$34.18 million.

SGX conducts quarterly reviews on the first market day of March, June, September and December to identify companies for the watchlist.