The SGX-ST subsequently given its in-principle approval for the proposed transfer to the Catalist board on Jan 18. Mencast had to seek its shareholders’ approval via a special resolution at an extraordinary general meeting (EGM). The EGM was held at 10.30am on Feb 21 and saw shareholders holding 100% of the shares in the company giving its approval to the transfer.
Following the completion of the proposed transfer, Mencast will be removed from the SGX-ST’s watch-list with effect from the same day.
As at 2.09pm, shares in Mencast are trading 0.3 cent higher or 6.52% up at 4.9 cents.
