“In coming to its decision, the SGX-ST had noted, among others, the company’s continuing net loss position after it was placed on the watch-list, as well as its low and decreasing market capitalisation which was at $13.86 million as at July 30,” it adds.
SMI Vantage will be delisting from the Singapore Exchange (SGX:S68
) (SGX) after the SGX-ST rejected its application for a further extension of time to meet the requirements to be removed from the SGX watch-list.
According to a bourse filing, SMI Vantage was rejected as there are no ‘extenuating reasons’ to grant a further extension of time.
