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Nico Steel says it can meet S$40m market cap to exit watch-list in 'reasonable time'

Fiona Lam

Fiona Lam

Published Tue, Jul 23, 2019 · 09:50 PM

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Singapore

MAINBOARD-LISTED metals supplier Nico Steel Holdings said it will be able to meet the S$40 million market capitalisation requirement to exit the Singapore Exchange (SGX) watch-list, given "reasonable time".

In a quarterly update on Tuesday, the company said it is optimistic that it will remain profitable in the current financial year.

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