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.
SGX publishes status of Catalist transition
4 December 2009 – Singapore Exchange (SGX) today informed market participants and investors about the progress of transition by Catalist Non-Sponsored (NS) companies to the sponsor-supervised regime. Under this regime, companies are required to appoint a Sponsor by 5 February 2010.
At the launch of Catalist on 5 February 2008, there were 154 companies listed. Out of these, 87 companies have now appointed a Sponsor, 32 of them have transferred to the Mainboard while six companies were delisted. The remaining 29 companies have not appointed a Sponsor. More>>
SGX approves WOPA Services Pte Ltd as a Catalist Continuing Sponsor
28 September 2009 - Singapore Exchange Limited (SGX) today announced that WOPA Services Pte Ltd, a wholly-owned subsidiary of WongPartnership LLP, has been approved as a Continuing Sponsor on Catalist, its sponsor-supervised board for fast-growing companies.
The addition of WOPA Services Pte Ltd strengthens Catalist's Sponsor pool to 9 Continuing Sponsors and 11 Full Sponsors. Sponsors provide guidance to and assist Catalist companies primarily in areas of rule compliance and corporate governance. SGX will continue to widen the pool of Sponsors to add depth and scope to the sponsorship regime and better meet the varied needs of Catalist companies.
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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