Singapore Exchange (SGX) wishes to inform 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. A table of summary is provided below for easy reference.
Summary Table
Transition Status of Catalist Non-Sponsored Companies | |
Appointed a Sponsor | 87 |
Transferred to Mainboard | 32 |
Delisted | 6 |
Companies that have not appointed a Sponsor | 29 |
154 |
Since January 2009, Catalist companies have been providing investors quarterly reports on the progress of their transition. Based on the latest progress reports by the remaining 29 Catalist NS companies, 22 of them have indicated intent to appoint a Sponsor by 5 February 2010. Of the remaining seven companies, two are suspended while five have indicated they will pursue alternative plans. Investors are advised to review and monitor companies’ transition plans and to take into account their status in making investment decisions.
As previously announced, companies that have not appointed a Sponsor by 5 February 2010 are subject to share trading suspension until 31 December 2010. Share trading will resume when a company appoints a Sponsor or undertakes corporate actions to maintain their listing status. Catalist-NS companies without a Sponsor after 31 December 2010 will be delisted.
A list of Catalist companies that have not appointed a Sponsor is found in Appendix 1. Companies have until 5 February 2010 to advance to sponsored status. Another update will be made available in early January 2010.
There are currently 20 Full and Continuing Sponsors on Catalist. For a complete list of Sponsors, please visit the SGX Catalist website at www.sgxcatalist.com.