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Miyoshi plans a listing transfer to Catalist

MIYOSHI Limited said it plans to undertake a transfer of its listing from the mainboard of the Singapore Exchange to the Catalist Board.

The group's current trading price is substantially below the 20 cents minimum trading price requirement for mainboard listings. As a result, it would have to carry out substantive corporate actions, including share consolidation, restructuring and business acquisitions, to raise its share price to meet the requirement, the group explained.

This proposed transfer is subject to approval from shareholders and in-principle approval from SGX. An application will be made to SGX in due course.