Challenges faced in transitioning include low liquidity, limited visibility and investor perception issues, which hinder capital raising efforts
[SINGAPORE] Since it transferred from the Singapore Exchange (SGX) Catalist board to the mainboard in June, Malaysia-based Oiltek International has seen its average daily trading volume almost treble.
Market capitalisation of the vegetable oil process engineering and renewable energy solutions provider has soared to S$366.8 million as its shares climbed to close at S$0.855 on Friday (Oct 17), from S$0.555 just before its mainboard transfer.
Mechanical and electrical engineering services provider Ever Glory United , which applied for a transfer to the mainboard last week, will be hoping to replicate this success.