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Medtecs to apply for transfer to SGX-ST Mainboard; to join MSCI Singapore Small Cap Index

Felicia Tan
Felicia Tan11/16/2020 8:22 AM GMT+08  • 2 min read
Medtecs to apply for transfer to SGX-ST Mainboard; to join MSCI Singapore Small Cap Index
Shares in Medtecs closed 11 cents higher or 14.2% up at 88.5 cents on Nov 13.
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Medtecs International says it intends to make an application to transfer its listing from the Catalist to the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on Nov 16.

The proposed transfer, according to the company, would better place the company to attract institutional investors and reach out to a wider investor base in Singapore and overseas.

The company also believes the transfer to the Mainboard would “enhance its image” and provide it with “greater visibility and recognition in the market”, which is “particularly critical in this Covid-19 pandemic situation”.

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