SATELLITE communications equipment provider Global Invacom : QS9 0% and green energy solutions provider Green Build Technology : Y06 0% will be placed on the Singapore Exchange Regulation’s watch list from Wednesday (Jun 5), as the exchange commences its half-yearly review.
According to the listing rules, a company will be placed on the watch list if it records pre-tax losses for the three latest consecutive financial years, and fails to maintain an average daily market capitalisation of at least S$40 million over the last six months.
The companies have to take active steps to restore their financial health and improve their market valuation within 36 months from Jun 5. Otherwise, they may be delisted or have the trading of their shares suspended with a view to being delisted.
Global Invacom said its board will endeavour to comply with the criteria needed to exit the watch list, while Green Build Technology said the group’s business and operations will continue as usual.
Shares of Global Invacom ended Tuesday down S$0.001 or 0.9 per cent at S$0.113, while Green Build Technology closed flat at S$0.052.
