Singapore Exchange welcomes Mann Seng Metal International
7 May 2010 – Singapore Exchange (SGX) welcomes Mann Seng Metal International Limited (Mann Seng Metal) that commenced trading of its shares on Catalist today under the ticker symbol (5QR).
“We welcome Mann Seng Metal to SGX. We are pleased that they have chosen Catalist, our sponsored-supervised board for fast-growing companies, to support their business growth and access international capital,” said Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX.
Mann Seng Metal has a market capitalisation of S$22.5 million and adds variety to the stable of companies listed on Catalist. Established in Malaysia in the 1980s, Mann Seng Metal is an integrated metal engineering services provider for kitchen appliances and equipment with customers hailing from countries around the world.
With the listing of Mann Seng Metal, the total number of listings on Catalist is 133.
More than 100 Catalist companies advance to sponsor status
5 January 2010 – More than 100 Catalist companies have appointed sponsors and only 14 Catalist Non-Sponsored (“NS”) companies have not appointed a sponsor. Most of these Catalist NS companies have stated in their quarterly progress reports that they will be deciding on their sponsors and progressing to the sponsor-supervised regime before February 2010.
Companies that have not appointed a Sponsor by 5 February 2010 are subject to share trading suspension until 31 December 2010. Trading of shares will resume when a company appoints a Sponsor or undertakes corporate action to maintain their listing status. Catalist-NS companies without a Sponsor after 31 December 2010 will be delisted.
Please refer to Appendix 1 for the list of Catalist-NS companies that have not appointed a Sponsor as at 5 January 2010.
Investors are advised to review and monitor companies’ transition status when making investment decisions. Such updates and details are disclosed in the companies’ quarterly progress reports and corporate announcements.
Quicklinks
For Sponsors - Admission criteria, application documents, and procedures for Sponsors can be found here.
For Companies - Companies can only begin to list on Catalist after the Sponsors have been approved. The admission criteria and continuing obligations for companies can be found here.
For Investors - Investors should be aware of the unique regulatory structure of Catalist. Please refer to the Investor Education pages here.
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