CosmoSteel Continues Efforts to Exit Watch-List

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

CosmoSteel Holdings Limited, a company listed on Singapore’s watch-list since 2018 for financial concerns, has recently updated shareholders on its progress towards meeting the exchange’s exit criteria by June 2025. The company disclosed a significant development involving its subsidiary, Kim Seng Huat Hardware Pte Ltd, which has accepted an offer to sell a warehouse for S$9 million, although the final terms are still being negotiated. No other material developments were reported that could impact the company’s financial position or share price.

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