OLS plans move from SGX mainboard to Catalist

Singapore

OLS Enterprise, formerly known as Transcu Group and now on the watch-list of the Singapore Exchange, plans to transfer its listing from the Singapore Exchange (SGX) mainboard to the Catalist board.

"The board believes that the proposed transfer will provide the company with a more suitable platform for the listing and trading of the shares of the company as Catalist provides a more conducive listing platform for companies which require a flexible regulatory system to float their shares," it said in a release to SGX on Thursday. "The board is of the view that the proposed transfer and listing on the Catalist will put the company in a better position to identify suitable business(es) to acquire."