Chinasing Investment Holding reports three consecutive years of losses

Puts firm on SGX watch-list.

Chinasing Investment Hldg Ltd (Chinasing) has given notice via the Singapore Exchange (SGX) that it has recorded pre-tax losses for the three most recently completed consecutive financial years.

This is based on the latest announced full year consolidated accounts, excluding exceptional or non-recurrent income and extraordinary items.

The company's market capitalisation as at 14/03/2014 , the last market day on which trading was not suspended or halted, is S$4,474,468

Given these data and current listing manual rules, the SGX will place Chinasing on a watch-list due to posting pre-tax losses for three straight financial years, as well as an average market capitalisation of less than $40m over the last 120 market days of which trading was not suspended or halted.