SGX adds Keong Hong, Global Invacom, and Green Build to its watch list

The three must restore financial health within 36 months from 5 June.

Singapore Exchange has put Keong Hong Holdings, Global Invacom Group, and Green Build Technology under its watch list.

Under rule 1311 of the listing manual, SGX will put an issuer on the watch list if it records pre-tax losses for the last three consecutive financial years and an average daily market capitalisation of less than $40m in the past six months.

Issuers may apply for removal from the watchlist if they record pre-tax profit for their financial year and have an average daily market capitalisation of $40m or more over the last six months.

The companies must take active steps to restore their financial health and meet the requirements of Listing Rule 1314 within 36 months from 5 June. 

Failure to comply will result in the company's delisting or suspension of its trading shares.