Thomson Medical gets further grace period of 1 month to restore public float

THOMSON Medical has obtained from the Singapore Exchange an extension of one month to Jan 10, 2024 to explore options to restore the public float without suspending trading in its shares.

In a filing on Thursday (Dec 7), the medical services provider also set out the conditions for the grace period from the bourse operator – to continue monitoring the public float and trading activity in its shares, and to immediately request a trading halt if there is any indication of disorderly trading.

Earlier, the frontline regulator had granted Thomson Medical three months to Dec 10, 2023 for the public float to be restored.

Thomson Medical’s public float slipped to 9.98 per cent in September. Listing rules mandate that at least 10 per cent of a listed company’s shares must be held by public investors.

Thomson Medical shares closed flat at S$0.056 on Thursday, before the announcement.