Thomson Medical’s public float falls below 10%

The company’s public shareholders hold 2.6 million shares.

The percentage of Thomson Medical’s shares held by public shareholders has fallen to 9.98%, the company announced.

In a bourse filing, the healthcare provider said as of 11 September, 2.6 million of its issued share capital is held by more than 8,000 public shareholders.

Since its public float has fallen to the requisite of 10% under SGX-ST rules, there’s a possibility that the bourse may suspend the trading of Thomson Medical’s shares.

Under the listing rules, Thomson Medical is also allowed to raise the percentage of its shares in public hands to at least 10% within three months or longer as agreed upon with SGX-ST.

Failing to do so may result in Thomson Medical’s removal from the official list of SGX-ST.