Nico Steel placed on SGX watch list

A Singapore Exchange (SGX) signage is pictured at their premises in Singapore on October 17, 2013.
A Singapore Exchange (SGX) signage is pictured at their premises in Singapore on October 17, 2013. PHOTO: REUTERS

SINGAPORE - Nico Steel Holdings has been placed on the Singapore Exchange (SGX) watch list with effect from Monday (Sept 5), the mainboard-listed company announced on the same day.

Nico Steel, a metal alloy provider, said that it will have to take active steps to restore its financial health and meet the requirements of Listing Rule 1314(1) within the next 36 months, failing which SGX would delist the company or suspend trading in its shares with a view to delisting it.