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.