SIAS asks S i2i to allay fears it can't escape watch-list
Singapore
THE local investors' lobby has asked mobile prepaid card seller S i2i to assuage shareholders' fears over whether the company can get off the Singapore Exchange's watch-list for struggling companies by a March 2018 deadline.
David Gerald, president and chief executive of the Securities Investors' Association (Singapore), said in a press release on Wednesday afternoon that S i2i's shareholders worries were "heightened" by the fact that the company has thus far not announced any major acquisition or plans for it to grow its market capitalisation to over S$40 million and to exit the watch-list.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Orchard net profit up 46.8% to S$6.9 million in Q1
US dollar inches up; Aussie, yen slide
Singapore architectural firm wins US$28 million deal to light up mega theme park in Saudi Arabia
Cordlife hiring more technical and laboratory staff to ‘strengthen core processes’
Tesla’s China-made EV sales fall 18% y/y in April
Singapore stocks end lower even as regional markets rally; STI slips 0.1%