Singapore Exchange (SGX) has released a progress report on the transition by Catalist Non-Sponsored (NS) companies to the sponsor-supervised regime. Under this regime, companies are required to appoint a sponsor by Feb 5, 2010.

At the launch of Catalist on Feb 5, 2008, there were 154 companies listed. Out of these, 87 companies have now appointed a sponsor, 32 of them have transferred to the Mainboard while six companies were delisted. The remaining 29 companies have not appointed a sponsor, says SGX.

Since January, Catalist companies have been providing investors quarterly reports on the progress of their transition. Based on the latest progress reports by the remaining 29 Catalist NS companies, 22 of them say they intend to appoint a sponsor by Feb 5.

Of the remaining seven companies, two are suspended while five have indicated they will pursue alternative plans. Investors are advised to review and monitor companies’ transition plans and to take into account their status in making investment decisions, says SGX.

As previously announced, companies that have not appointed a sponsor by Feb 5 will be suspended from trading until Dec 31, 2010.

Share trading will resume when a company appoints a sponsor or undertakes corporate actions to maintain their listing status. Catalist-NS companies without a sponsor after Dec 31 will be delisted.

List of Catalist non-sponsored companies
Below is a list of Catalist-NS companies that have not appointed a sponsor as of Dec 4. Investors are advised to review individual company’s announcements for transition plans.

1. AA Group Holdings Ltd
2. Advanced Systems Automation Limited
3. Asiatic Group (Holdings) Limited
4. Asiatravel.com Holdings Ltd *
5. Bright Orient (Holding) Ltd
6. CFM Holdings Limited *
7. China Fashion Holdings Limited
8. China Video Surveillance Limited
9. Falmac Limited #
10. Hartawan Holdings Limited
11. Hosen Group Ltd
12. Iconic Holdings Limited *
13. International Press Softcom Limited
14. Interra Resources Limited
15. K Plas Holdings Limited
16. Keda Communications Ltd
17. Koon Holdings Limited *
18. Medi-Flex Limited
19. Medtecs International Corporation Limited
20. Megachem Limited
21. New Lakeside Holdings Limited
22. Oniontech Limited
23. Oriental Century Limited #

24. Progen Holdings Ltd
25. Scorpio East Holdings Ltd
26. SHC Capital Limited
27. Soup Restaurant Group Limited *
28. Unidux Electronics Limited
29. Wepco Ltd

* Company has indicated alternative plans
# Company is suspended