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Aspial Lifestyle intends to apply for transfer to Mainboard; propose sale of vendor shares to fulfil requirement

Teo Zheng Long
Teo Zheng Long • 2 min read
Aspial Lifestyle intends to apply for transfer to Mainboard; propose sale of vendor shares to fulfil requirement
Based on Mar 4 closing price of 36.5 cents, the company is valued at $675.7 million in terms of market capitalisation. Photo: Aspial Lifestyle
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Aspial Lifestyle (SGX:5UF) intends to apply to transfer its Catalist listing to the Mainboard, in bid to reach out to a broader and more diversified investor base and enhance the company’s image, among other reasons.

Based on Mar 4 closing price of 36.5 cents, the company is valued at $675.7 million in terms of market capitalisation.

In the Mar 4 announcement, Aspial Lifestyle mentioned that the company has recorded a steady improvement in its net profit attributable to owners of the company, from approximately $14.4 million in FY2021 ended Dec 31 to approximately $80.7 million in FY2025.

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