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Global Invacom Strives to Exit SGX Watch-list

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Global Invacom Strives to Exit SGX Watch-list

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Global Invacom ( (SG:QS9) ) has issued an announcement.

Global Invacom Group Limited has been placed on the watch-list of the Singapore Exchange due to not meeting the Financial Entry Criterion. The company is required to provide quarterly updates on its progress towards meeting the exit criteria, which include achieving a consolidated pre-tax profit and maintaining a market capitalization of at least S$40 million. The Board aims to meet these criteria within 36 months from June 2024 and advises shareholders to exercise caution when dealing with its shares.

More about Global Invacom

Global Invacom Group Limited is a company incorporated in Singapore, operating in the technology sector. It specializes in the development and supply of satellite communications equipment and related services.

YTD Price Performance: 30.0%

Average Trading Volume: 641,173

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$7.06M

For an in-depth examination of QS9 stock, go to TipRanks’ Stock Analysis page.

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