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20 listed companies on SGX watch-list
TWENTY Singapore-listed companies have been placed on Singapore Exchange's (SGX) watch-list for failing to meet the revised minimum trading price entry requirement announced in December 2016.
As at 8am, the 20 firms that said this in filings on Monday are Suntar Eco-City, Pavillon Holdings, Chasen Holdings, Ouhua Energy Holdings, USP Group, Vibropower Corporation, Seroja Investments, Nico Steel Holdings, Qian Hu Corporation, Full Apex (Holdings), Leader Environmental Technologies, Fabchem China, Star Pharmaceutical, MMP Resources, PSL Holdings, Mirach Energy, China Jishan Holdings, United Food Holdings, Compact Metal Industries and Ossia International.
Of the 20, eight were previously placed on the watch-list and continue to be on the list following reassessment by the bourse operator under the revised rules.
Under Listing Rule 1314(2), these companies would be assessed by SGX for removal from the watch-list if they record volume-weighted average price of at least S$0.20 and an average daily market capitalisation of S$40 million or more over the last six months.
SGX has informed the companies that they must take active steps to meet the requirements of Listing Rule 1314(2) of the listing manual within 36 months from June 5, 2017, failing which SGX would delist the companies or suspend trading in their shares with a view to delisting.