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.βββ
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.βββ