Notice of 3 Consecutive Years' Losses::NOTICE OF 3 CONSECUTIVE YEARS' LOSSES
Issuer & Securities
Issuer/ Manager
ASPEN (GROUP) HOLDINGS LIMITED
Securities
ASPEN (GROUP) HOLDINGS LIMITED - SG1DI2000001 - 1F3
Stapled Security
No
Announcement Details
Announcement Title
Notice of 3 Consecutive Years' Losses
Date &Time of Broadcast
07-Oct-2024 23:47:14
Status
New
Announcement Sub Title
NOTICE OF 3 CONSECUTIVE YEARS' LOSSES
Announcement Reference
SG241007OTHR2ATU
Submitted By (Co./ Ind. Name)
DATO' MURLY MANOKHARAN
Designation
PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Please refer to the additional details below.
Additional Details
ASPEN (GROUP) HOLDINGS LIMITED hereby gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at (a) is (b)
a) Date
07/10/2024
b) Latest 6-month average daily market capitalisation
S$49,933,570
The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:
pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.
Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.
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