Nicholas Cappello via Unsplash.

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.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

Singapore payments to hit $114b by 2030
Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.
Cards & Payments