PRA shares have been trading below the SGX's minimum requirement of $0.20 since May 2016, closing at a record low of $0.025 last Friday, bringing a market capitalisation of $16.85 million. The company could face a delisting should it fail to exit the watchlist by Dec 4, 2021.
KUALA LUMPUR (Dec 10): Last week, department store operator Parkson Holdings Bhd saw its Singapore-listed 67.96%-owned subsidiary Parkson Retail Asia (PRA) placed on the exchange's watch list after triggering the minimum trading price (MTP) entry criteria.
The MTP is a continuing listing requirement that took effect from March 2, 2015 for all Singapore Exchange (SGX) Mainboard issuers, whereby they must maintain a minimum share price of $0.20.
