Singapore Exchange (SGX) has released a progress report on the transition by Catalist Non-Sponsored (NS) companies to the sponsor-supervised regime. Under this regime, companies are required to appoint a sponsor by Feb 5, 2010.
At the launch of Catalist on Feb 5, 2008, there were 154 companies listed. Out of these, 87 companies have now appointed a sponsor, 32 of them have transferred to the Mainboard while six companies were delisted. The remaining 29 companies have not appointed a sponsor, says SGX.
