CNMC Goldmine proposes transfer to SGX mainboard
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CNMC Goldmine, a Catalist-listed gold producer, is seeking to transfer its listing to the mainboard of the Singapore Exchange (SGX) to enhance its corporate image and attract a broader investor base. The company believes this move will improve visibility, liquidity, and share performance, as public investors typically favor mainboard-listed firms. The proposed transfer, which requires SGX-ST approval and shareholder consent, is seen as timely given the company's growth, with net profit rising to US$42 million in FY2025. However, there is no guarantee the transfer will occur.
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