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.
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, (SGX:5NF
) .
Mencast had received approval from the SGX-ST for a further extension of time to exit the watch-list on Dec 23, 2022.
