A-Sonic Aerospace has submitted its application to exit the SGX-ST watch list after its average daily market capitalisation (cap) exceeded the required $40 million.

Under the SGX-ST listing rules, any company that has not achieved the requisite average daily market capitalisation of $40 million over the last six months will be under SGX-ST’s watch list.

Over the last six months since Nov 12, 2021, to date, the company’s average daily market cap stood at $40.004 million.

Based on the last done market closing price of 70 cents per share on May 12, A-Sonic Aerospace’s market capitalisation stood at $49.792 million.

In March 2021, the company was issued a query by the Singapore Exchange Regulation (SGX RegCo) on its trading activity after its shares jumped some 20%.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='https://www.theedgesingapore.com/news/sgx-query/sonic-aerospace-triggers-sgx-query-trading-activity-after-share-price-jumps-20?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>A-Sonic Aerospace triggers SGX query on trading activity after share price jumps 20%</a></b></span>

The company had previously applied to seek SGX-ST’s approval on a further extension to fulfil the requirements of exiting the watch list.

In accordance with the SGX-ST listing rules, it was mandatory to apply for the extension of the cure period to exit the watch list, at least one month before the expiry date of June 4.

A-Sonic Aerospace applies to exit SGX-ST watch list

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A-Sonic Aerospace applies to exit SGX-ST watch list

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