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Blumont mulling options to comply with SGX’s minimum share price rule

PC Lee Published on Mon, Mar 16, 2015 / 6:51 PM GMT+8

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SINGAPORE (Mar 16): Blumont Group says it is weighing up its options on how to comply with Singapore Exchange's requirement that securities listed on the Mainboard must maintain a minimum share price of 20 cents each.

Before the company sought a trading halt to make the announcement, Blumont shares were trading around 1.1 cent each.

Among the options considered include undertaking a share consolidation or transferring the listing of the shares to the Catalist board of the SGX, says Blumont.

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