| Income |
Criteria 1 |
Criteria 2 |
Criteria 3 |
| |
Cumulative consolidated pre-tax profit of at leastS$7.5 million for the last 3 years, with a pre-tax profit of at least $1 million
in each of those 3 years |
Cumulative consolidated pre-tax profit of at least S$10 million for the latest 1 or 2 years |
N / A |
| Market
Capitalisation |
N / A |
N / A |
At least S$80 million at the time of the initial public offering, based on the issue price and post invitation issued share capital |
| Shareholding
Spread |
·Market capitalization less than S$300m: 25% of enlarged share capital in public hand
·Market capitalization between S$300m-S$400m: 20% of enlarged share capital in public hand
·Market capitalization between S$400m-S$1b:15% of enlarged share capital in public hand
·Market capitalization more S$1b: 12% of enlarged share capital in public hand |
| No. Of
Shareholders |
At least 1,000 (2,000 for secondary listing) |
| Moratorium |
·Promoters’ entire shareholding at the point of listing for fist 6 months after listing (Criteria1 & 2)
·Promoters’ entire shareholdings at point of listing for first 6 months after listing and
at least 50% of original shareholdings for the next 6 months (Criterion 3) |
| Financial Position
and Liquidity |
·Healthy financial position with no shortfall in working capital. All debts owing by directors, substantial shareholders and companies controlled by directors
and substantial shareholders must be settled |
| Director &
Management |
·At least 2 non-executive directors who are independent and free of any
material business and financial connection with the issuer
·For foreign issuer, at least 2 independent directors and one of whom must be
resident in Singapore
·Audit Committee is required |
| Financial
Reporting |
·Singapore, US or International Accounting Standards |
