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Avi-Tech applies to leave SGX Watch-List

Gwyneth Yeo Published on Thu, Aug 25, 2016 / 6:53 PM GMT+8

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SINGAPORE (Aug 25): Avi-Tech Electronics has submitted an application to the Singapore Exchange for its removal from the Watch-List.

This follows an earlier announcement in July, when the group applied to extend its deadline to leave the Watch-List by 12 months.

Avi-Tech said that it had posted seven consecutive quarters of earnings with pretax earnings amounting to $9.8 million, and held cash and fixed deposits of $27.7 million and bank borrowings of $1.1 million.

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