Past version: Effective up to 09 Aug 2012
An issuer on the watch-list may apply to the Exchange for its removal from the watch-list if it satisfies any one of the following requirements:—
(1) the issuer records consolidated pre-tax profit for the most recently completed financial year (based on the latest full year consolidated audited accounts, excluding exceptional or nonrecurrent income and extraordinary items) and has an average daily market capitalisation of $40 million or more over the last 120 market days on which trading was not suspended or halted. For the purpose of this rule, trading is deemed to be suspended or halted if trading is ceased for the full market day; or
(2) the issuer satisfies the SGX Mainboard admission criteria, either under Rule 210(2)(a) or Rule 210(2)(b).
The Exchange may approve the application, or reject the application if the Exchange is of the opinion that there are other factors that justify the continued inclusion of the issuer in the watch-list.