CH Offshore : Notice Of Three Consecutive Years' Losses

NOTICE OF 3 CONSECUTIVE YEARS' LOSSES::NOTICE OF THREE CONSECUTIVE YEARS' LOSSES

Issuer & Securities

Issuer/ Manager

CH OFFSHORE LTD.

Securities

CH OFFSHORE LTD - SG1N22909146 - C13

Stapled Security

No

Announcement Details

Announcement Title

Notice of 3 Consecutive Years' Losses

Date &Time of Broadcast

09-Mar-2020 18:00:02

Status

New

Announcement Sub Title

NOTICE OF THREE CONSECUTIVE YEARS' LOSSES

Announcement Reference

SG200309OTHRUTUD

Submitted By (Co./ Ind. Name)

Lim Mee Fun

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please refer to additional details below.

Additional Details

CH OFFSHORE LTD. hereby gives notice that:

1. it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
2. its latest 6-month average daily market capitalisation as at (a) is (b)

a) Date

17/02/2020

b) Latest 6-month average daily market capitalisation

S$39,917,381

The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:

pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.

Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.