Beng Kuang Marine is set to exit from the Singapore Exchange S68 ’s (SGX) watch-list on Oct 15.
An approval in-principle was given to the company by the Singapore Exchange Securities Trading Limited (SGX-ST) via a letter dated Oct 14.
Beng Kuang Marine, on Aug 5, released a quarterly update in its efforts to meet SGX’s listing requirements under Rule 1314 of the listing manual. The company recorded an increase of revenue by 88.1% y-o-y to $59.92 million in 1HFY2024 ended June, due to its two core business divisions, infrastructure engineering and corrosion prevention.
The company then submitted an application to exit from the watch-list on Sept 25.
Shares in Beng Kuang Marine BEZ closed flat at 25 cents on Oct 14.
