In their respective announcements, these companies said that they were being placed in the watch-list under rule 1311 of the listing manual. Rule 1311 states that an issuer will be included in the watch-list if it records pre-tax losses for the latest three completed financial years (FYs). The company will also have to have an average daily market capitalisation of less than $40 million over the last six months.
Green Build Technology, Global Invacom (SGX:QS9
) Group and Keong Hong Holdings (SGX:5TT) will be included in the Singapore Exchange (SGX:S68) ’s (SGX) watch-list with effect from June 5.
The inclusion comes after the exchange’s half-yearly review.
