BH Global applies to exit SGX financial watch list

MAINBOARD-LISTED BH Global Corporation has applied to exit the Singapore Exchange's financial watch list, the company announced on Friday after the market close.

It had earlier satisfied one of two conditions for exiting the watch list - that of recording consolidated pre-tax profit for the most recently completed financial year. This earned it an extension of time to fulfil the other condition, which is that of achieving an average daily market capitalisation of at least S$40 million over the preceding six months.

The company has until June 4, 2021 to successfully exit the watch list.

BH Global said it would update shareholders on the results of its application, and advised caution in dealing in its shares. "Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the watch list," it added.

The company's shares closed down 1.5 Singapore cents or 2.38 per cent at 61.5 Singapore cents on Friday before the news.