Addvalue Technologies, Renaissance United I11 Limited, TeleChoice International and Tiong Seng Holdings BFI will be placed on Singapore Exchange S68 ’s (SGX) watch-list after recording pre-tax losses for their three latest completed financial years. The companies also have had an average daily market capitalisation of less than $40 million over the last six months.
The companies will have to take active steps to meet the listing requirements with 36 months of its inclusion to the watch-list. Should they fail to do so, they will be delisted or trading of their shares will be suspended.
All the companies were included in the watch-list on Dec 5.
As at 11.29am, shares in Addvalue, Renaissance, TeleChoice and Tiong Seng are trading at 1 cent, 0.1 cent, 7.8 cents and 6.4 cents respectively.
