China Gaoxian requests for extension to meet SGX rules to exit watch-list
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
MAINBOARD-LISTED China Gaoxian Fibre Fabric Holdings announced on Tuesday after trading hours that it has submitted an application to the Singapore Exchange (SGX) for a 12-month extension to meet certain requirements to exit the watch-list.
The firm, which was placed on the watch-list on March 3 2016, is supposed to adhere to SGX rules to record consolidated pre-tax profit for the last financial year and to have an average daily market capitalisation of at least S$40 million over six months, within a period of 36 months of the date on which it was placed on the watch-list.
Unless the regulator approves the extension request, the company has until March 2 to comply.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
