facebookWhat does it meant when a Company stock is under SGX Watch-List and the Entry Date - End Date of Cure Period? - Seedly

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Anonymous

05 Jul 2021

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General Investing

What does it meant when a Company stock is under SGX Watch-List and the Entry Date - End Date of Cure Period?

SGX

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Chris

05 Jul 2021

Owner and Writer at Tortoisemoney.com

The Exchange (i.e. SGX) will place an issuer on the watch-list, if it records pre-tax losses for the 3 most recently completed consecutive financial years (based on audited full year consolidated accounts) and an average daily market capitalisation of less than S$40 million over the last 6 months. (Rule 1311 SGX Rulebook)

I believe cure period is a 36-month period in which the issuer must apply to be taken off the watch list after it fulfils the criteria as follows:

An issuer on the watch-list may apply to the Exchange to be removed from the watch-list if it records consolidated pre-tax profit for the most recently completed financial year (based on audited full year consolidated accounts) and has an average daily market capitalisation of S$40 million or more over the last 6 months. (Rule 1314 SGX Rulebook).

If it fails to do so, the stock will be delisted or suspended by the exchange.​​​

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