10 companies added to watch list as SGX RegCo resumes half-yearly review post Covid
Nine companies will be placed on the Singapore Exchange Regulation (SGX RegCo) watch list from Tuesday (Jun 6), while Trek 2000 – the company that invented the ubiquitous thumb drive – has been included since Monday.
This comes as SGX RegCo recommences its half-yearly review of the watch list, starting from Jun 1, 2023.
It suspended the reviews in June and December for both 2020 and 2021. This was to allow issuers to overcome business and economic challenges, and deal with any resultant liquidity issues caused by the Covid-19 pandemic on business operations.
The nine companies are trading company $Intraco - watch list(I06.SG$ ; investment holding companies $Jadason - watch list(J03.SG$ , and British and Malayan; offshore and marine companies $Beng Kuang - watch list(BEZ.SG$ and $AMOS Group(49B.SG$ ; $Datapulse Tech - watch list(BKW.SG$ , which is mainly involved in the media storage business; property company $IPC Corp - watch list(AZA.SG$ ; vessel chartering company $CH Offshore - watch list(C13.SG$ ; and offshore company $Jasper Inv - watch list(FQ7.SG$ .
The companies had accumulated losses in their last three financial years. The Singapore Exchange requires the nine companies to take active steps to meet requirements set out under Rule 1314(1) of the Listing Manual to be removed from the watch list within 36 months from Jun 6.
Similarly, $Trek 2000 Intl - watch list(5AB.SG$ is expected to meet the requirements set out under Rule 1314(1) of the Listing Manual to be removed from the watch list within 36 months from Jun 5.
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102232720仗义执言 : The board of directors of saltfish in a rice pot is weak, hoping that the impetus will allow the dead fish to flourish