CosmoSteel Continues Efforts to Exit Watch-list

Cosmosteel Holdings Limited (SG:B9S) has released an update.

CosmoSteel Holdings Limited remains on the Singapore Exchange Watch-list as it has yet to meet the requisite exit criteria, which includes achieving a market capitalization of S$40 million. Despite reporting a loss after tax of S$1.3 million for the first half of the year, due to delayed order fulfilment and increasing market competition, the company has secured an extension until June 4, 2024, to satisfy the exit criteria. No other significant developments have been reported that would impact the company’s financial position or share price movements.

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