CATALIST-LISTED Singapore Kitchen Equipment Limited has unsuccessfully appealed the Hong Kong Exchange's decision to reject its dual-listing application on the bourse's Growth Enterprise Market (GEM) board. Read more at The Business Times.
CATALIST-LISTED Singapore Kitchen Equipment Limited has unsuccessfully appealed the Hong Kong Exchange's decision to reject its dual-listing application on the bourse's Growth Enterprise Market board.
The GEM Listing Committee had convened a review hearing of Singapore Kitchen Equipment’s appeal against the decision of the GEM Listing Approval Group to reject its application for the proposed listing. The committee considered submissions made by Singapore Kitchen Equipment and GLAG, and informed the Singapore company on July 22 it had decided to uphold GLAG's decision on the grounds that it had"failed to demonstrate its commercial rationale for listing and genuine funding needs".
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