SembMarine has given notice that it has recorded pre-tax losses for the three most recently completed financial years in an SGX filing on March 29.
As at March 28, SembMarine’s latest six-month average daily market capitalisation was $2.64 billion, which means it still meets the requirements to avoid being placed under the Singapore Exchange (SGX)'s watchlist.
Under the rules of the listing manual, SGX will place issuers under its watchlist if they record pre-tax losses for the three most recently completed consecutive financial years and have an average daily market capitalisation of less than $40 million over the past six months.
Shares in SembMarine closed at 10.3 cents on March 28.
