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More firms join SGX watch-list under minimum trading price criterion
SIX more mainboard-listed companies have announced their addition to the Singapore Exchange's watch-list with effect from June 6, due to not meeting minimum trading price (MTP) requirements.
On Wednesday, Advanced Holdings, China Jishan Holdings, China Mining International, PSL Holdings and Sakae Holdings made regulatory filings announcing their inclusion. Green Build Technology announced its inclusion on Tuesday night.
All the firms notified shareholders and business partners that their operations are continuing as normal.
PSL Holdings has already been on the SGX's financial watch-list since June 5, 2017, due to having pre-tax losses for three consecutive financial years based on audited full-year consolidated accounts.
On Tuesday, eight firms had similarly announced that they will be added to the watch-list with effect from June 6 under the MTP criteria, namely having a volume-weighted average price of less than S$0.20 per share and an average daily market capitalisation of less than S$40 million over the last six months.
A total of 22 companies are to be added to the MTP watch-list after SGX's latest half-yearly review, with no companies exiting.