Global Invacom, Keong Hong and Green Build Technology added to SGX watch list
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SGX undertakes a review of all mainboard-listed companies every six months.
ST PHOTO: LIM YAOHUI
SINGAPORE - Satellite communications equipment provider Global Invacom, construction firm Keong Hong and green-energy solutions provider Green Build Technology have been added to the watch list of the Singapore Exchange Regulation (SGX RegCo) from June 5.
SGX RegCo undertakes a review of all mainboard-listed companies every six months.
Listing rules require a company to be put on the watch list if it records pre-tax losses for the last three consecutive financial years and fails to maintain an average daily market capitalisation of at least $40 million over the last six months.
The three companies have to take active steps to restore their financial health and improve their market valuation within 36 months from June 5, failing which they may be delisted, or have the trading of their shares suspended with a view to being delisted.
Global Invacom said its board will work at meeting the criteria to exit the watch list; Green Build Technology and Keong Hong said they would continue business as usual.
Global Invacom shares ended trading at 4.5 cents on June 5, down 0.3 cent. Green Build Technology closed unchanged at 5.2 cents and so did Keong Hong at 11.4 cents.
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