Beng Kuang Marine exits SGX watchlist

The company was removed from the watchlist on 15 October.

Beng Kuang Marine announced that it has exited the Singapore Exchange (SGX) watchlist, following the receipt of an approval in principle letter from Singapore Exchange Securities Trading Limited (SGX-ST) for its exit application on 14 October.

The company submitted the exit application on 25 September after meeting the requirements of SGX listing Rule 1314, which requires an average daily market capitalisation of $40m or more over the last six months.

The SGX-ST has also informed that it will be removed from the watchlist effective from 15 October.

Beng Kuang Marine advises shareholders and potential investors to exercise caution when dealing in the shares of the company and consult their advisers when in doubt.