Sunvic Chemical notes 3 years of losses, at risk of joining SGX's watchlist
SUNVIC Chemical Holdings has flagged that it has recorded pre-tax losses for three consecutive financial years and said that it would make an immediate announcement if it is to be placed on the Singapore Exchange (SGX) watchlist.
Under the listing rules, companies with pre-tax losses for the three most recently completed, consecutive financial years and with an average daily market capitalisation of under S$40 million for the last six months will be added to the watchlist. Sunvic Chemical's latest six-month average daily market capitalisation is around S$34.18 million.
SGX conducts quarterly reviews on the first market day of March, June, September and December to identify companies for the watchlist.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar