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Financial advisory
RES5Financial Advisory Services✓An entity applying to the SGX-ST Mainboard via an IPO must satisfy one of the quantitative tests: (a) minimum consolidated pre-tax profit of at least S$30 million for the latest financial year with an operating track record of at least 3 years. (b) profitable in the latest financial year with a market capitalisation of not less than S$150 million and a 3-year operating track record. (c) operating revenue in the latest completed financial year with a market capitalisation of not less than S$300 million. (d) at least 500 shareholders regardless of profit or revenue. Which of the following are CORRECT?
Guide Table 1.4.5: the three alternative quantitative requirements are the S$30 million profit test, the S$150 million market-cap-plus-profit test and the S$300 million market-cap-plus-revenue test. Shareholder spread is a separate requirement, not a substitute for the financial tests.
Three tests, any one of them; spread is on top.
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