General Announcement::41 companies placed on SGX watch-list on 3 March due to MTP
Issuer & Securities
SINGAPORE EXCHANGE LIMITED
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Date &Time of Broadcast
Announcement Sub Title
41 companies placed on SGX watch-list on 3 March due to MTP
Submitted By (Co./ Ind. Name)
VP, Marketing & Comms
Description (Please provide a detailed description of the event in the box below)
A total of 41 Mainboard companies will be placed on Singapore Exchange s (SGX) watch-list from 3 March 2016 because they do not comply with the minimum trading price (MTP) requirement.
In addition, 2 companies will be added to the watch-list on the same day because they triggered the financial entry criteria1.
Prior to 3 March 2016, there were 33 companies already on the watch-list because they had triggered the financial entry criteria. Of these, 16 are not compliant with the MTP rule.
All companies which will be placed on the watch-list from 3 March 2016 have 3 years to carry out actions to improve their share price, if they are non-compliant with MTP, or improve their financial performance if they triggered the financial entry criteria.
Companies placed on the SGX watch-list should focus on improving their fundamentals and financial performance during this period. Putting these companies on a watch-list increases transparency for investors, enabling them to more easily monitor the companies they have invested in. Since the introduction of the watch-list effective March 2008, a significant number of companies were able to improve their financial performance and exit the watch-list, said June Sim, Head of Listing Compliance at SGX.