Shareholder engagement crucial as listing rules are loosened and financial watch list is retired
Was the negative stigma of the watch list really a problem? Or, was the real problem the fact that many companies on the watch list had weak businesses?
[SINGAPORE] When I saw an announcement from Addvalue Technologies late last week about its removal from the financial watch list, I thought it simply had to do with the rule changes that Singapore Exchange Regulation (SGX RegCo) had just implemented.
The announcement turned out to be a bit more interesting than that. While Addvalue was indeed freed from the watch list because SGX RegCo had decided to do away with it, the company said it would have fulfilled the criteria to exit the watch list anyway by the end of the current six-month review period ending on Dec 1, 2025.
In fact, Addvalue reported a big improvement in profitability for its financial year to Mar 31, 2025. The provider of satellite-based communication products achieved a 21.6 per cent rise in revenue to US$15.5 million, and a 547 per cent increase in earnings to almost US$2 million.
Copyright SPH Media. All rights reserved.
