Aspial Lifestyle targets Mainboard move after $80.7m FY 2025 profit
Company seeks broader investor base.
Aspial Lifestyle intends to transfer its listing from Catalist to the SGX Mainboard, and its controlling shareholder plans to sell up to 10 million shares at $0.34 each to meet public float requirements.
The board said the group has expanded since listing on Catalist in June 2012 and highlighted net profit attributable to owners rising from about $14.4m in FY 2021 to about $80.7m in FY 2025.
The proposed transfer is subject to SGX-ST in-principle approval, compliance with Catalist Rule 408, and shareholder approval via special resolution at an extraordinary general meeting.
Based on a one-month average daily market capitalisation of about $580.8m, the company said it must have at least 15% of its shares held by at least 500 public shareholders, but public shareholdings stood at 14.94% as at the announcement date.
Aspial Lifestyle said there is no certainty the transfer will be approved or proceed, and that it will update shareholders on material developments.