Part IV Transfer from Catalist to SGX Mainboard
A Catalist issuer may apply to the Exchange in writing for transfer to SGX Mainboard. The Exchange may allow the transfer if an issuer meets the following requirements:—(1) It has been listed on SGX Catalist for at least two years;(2) It meets the minimum quantitative requirements below and any other listing requirements that the Exchange may prescribe (either generally or in any particular case)(3) It provides the Exchange with an undertaking to comply with all the Exchange's requirements and policies applicable to issuers listed on the SGX Mainboard. The undertaking must be in the form set out in Appendix 2.3.1.
For the purpose of the transfer, an issuer may be required to increase the proportion of its issued and paid-up capital held in public hands to meet the minimum shareholding spread requirements applicable to SGX Mainboard issuers.
If an issuer has a sufficient spread of shareholders and no marketing of securities is necessary, the transfer to the SGX Mainboard may be effected after the issuer has made a public announcement of the transfer and a copy of the announcement has been sent to shareholders.