Thomson Medical Group A50 has announced that the percentage of its shares held by public shareholders had been reduced to 9.98% as at the close of business on Sept 11.
As the percentage of shares held by the public falls below the requisite 10% of the total number of issued shares under Rule 723 of SGX-ST’s listing manual, the trading of its shares may be suspended.
The company intends to apply to SGX-ST for a period of three months for it to restore the public float to 10%.
Shares in Thomson Medical closed 0.1 cent higher or 1.69% up on Sept 12 at 6 cents.
