A-Sonic Aerospace looks to grow logistics business post watch-list exit
Despite its exposure to a fast-growing sector, it is battling headwinds to draw investors
Benjamin Cher
A-SONIC Aerospace has the distinction of being the first company to exit the Singapore Exchange Watch-List in 2022, after the bi-annual review in June.
The logistics and aviation counter entered this list in 2017 after reporting 3 consecutive years of pre-tax losses and failing to meet a minimum trading price requirement of S$0.20. The company was later unable to exit the list because a new minimum market capitalisation requirement of S$40 million was introduced.
This Watch-List inclusion caused some issues when bidding for contracts, as it came up during the due diligence process for customers, so exiting it has been a relief for A-Sonic.
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