Mencast Holdings will effectively make its transfer to the Catalist board from the Mainboard on Feb 23. Trading of the company’s shares will commence on the same day under the same stock code, 5NF .
Mencast had received approval from the SGX-ST for a further extension of time to exit the watch-list on Dec 23, 2022.
The SGX-ST subsequently given its in-principle approval for the proposed transfer to the Catalist board on Jan 18. Mencast had to seek its shareholders’ approval via a special resolution at an extraordinary general meeting (EGM). The EGM was held at 10.30am on Feb 21 and saw shareholders holding 100% of the shares in the company giving its approval to the transfer.
Following the completion of the proposed transfer, Mencast will be removed from the SGX-ST’s watch-list with effect from the same day.
As at 2.09pm, shares in Mencast are trading 0.3 cent higher or 6.52% up at 4.9 cents.
