Blumont considering transfer to Catalist (Amended)

Singapore

SINGAPORE Exchange's Catalist board, now populated by more than 150 companies, could get crowded as more firms seek to transfer their listing to the "junior board" to avoid the minimum trading price (MTP) rule facing mainboard companies.

The latest company considering a transfer to Catalist - generally deemed not a favourable move in terms of wooing institutional investors who mostly have eyes for the mainboard crop - is ailing Blumont Group.

Blumont's intention to move to Catalist, which was announced on Wednesday, follows just over a month after its fellow penny-stock company LionGold Corp said it had received a nod in pr…