Six more firms join SGX watchlist

All failed to have a volume-weighted average price of at least $0.20 per share.

Six mainboard-listed firms will be included on the Singapore Exchange’s (SGX) watchlist with effect from 6 June, filings with the local bourse revealed.

The firms include soybean products and animal feed supplier United Food Holdings which was placed on the watchlist due to the financial entry criteria and minimum trade price (MTP) entry criteria. Similarly, compounded resin manufacturer Dynamic Colours, furniture company Design Studio Group, new ship fund raiser First Ship Lease Trust, automotive parts distributor Tye Soon and engineering services firm Anchun International Holdings were placed on the watchlist due to the MTP entry criteria.

On 5 June, semiconductor equipment manufacturer ASTI Holdings, Raffles Infrastructure Holdings and engineering firm Mencast Holdings were also notified that they would be placed on the watchlist based on their pre-tax losses for the most recently completed consecutive financial years, as well as failure to have an average daily market capitalisation of $40m or more over the last six months.

Crude palm oil producer Kencana Agri was also placed under the watchlist due to the MTP trading entry criterion.

The firms will have 36 months from 6 June to be removed from the watchlist. Failure to do so will result in the delisting of the company from the Singapore Exchange Securities Trading (SGX-ST) or suspension of the firm’s shares with a view to delisting the company.

Also read: Attilan Group receives delisting notice from SGX

Under the listing manual rules, the firms will be assessed by the SGX-ST for removal from the watchlist if they are able to record a volume-weighted average price of at least $0.20 per share. For United Food Holdings and ASTI Holdings, it will also need to have an average daily market cap of $40 million or more over the last six months.

Following the filings, this brings the total number of companies joining the MTP watch-list to 27.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]