KUALA LUMPUR (Dec 10): Last week, department store operator Parkson Holdings Bhd saw its Singapore-listed 67.96%-owned subsidiary Parkson Retail Asia (PRA) placed on the exchange's watch list after triggering the minimum trading price (MTP) entry criteria.

The MTP is a continuing listing requirement that took effect from March 2, 2015 for all Singapore Exchange (SGX) Mainboard issuers, whereby they must maintain a minimum share price of $0.20.

PRA shares have been trading below the SGX's minimum requirement of $0.20 since May 2016, closing at a record low of $0.025 last Friday, bringing a market capitalisation of $16.85 million. The company could face a delisting should it fail to exit the watchlist by Dec 4, 2021.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook