Swee Hong put on SGX watchlist, Samko Timber taken off

Singapore

SWEE Hong Limited will be placed on the Singapore Exchange's watchlist from today, for failing to meet the exchange's minimum continuing criteria.

The company has recorded pre-tax losses for three straight financial years. It has also had an average daily market capitalisation of less than S$40 million over the last six months. Swee Hong has 36 months from today to take "active steps" to restore its financial health and meet the conditions needed to get itself off the watchlist.