Thomson Medical given 3 months to restore public float

The percentage of the company’s shares held by public shareholders has fallen below 10%.

Thomson Medical will have three months to restore its public float as granted by the Singapore Exchange Securities Trading Limited (SGX-ST).

During the three months, Thomson Medical will still be able to continue trading its shares.

In a bourse filing, the company’s board has advised shareholders and investors to “refrain from taking any action, which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the company.”

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

As of 11 September, 2.6 million of its issued share capital is held by more than 8,000 public shareholders.