HL Global

HL Global: Has been added to the SGX watch-list with effect from 4th Jun ’14, following three consecutive years of pre-tax losses. HL Global would need to take steps to meet the requirements under SGX’s Listing Manual within 24 months for its removal from the watch-list, failing which SGX may either remove the company from the Official List or suspend trading in the company’s shares with a view to removing the company from the Official List. Despite entering into SGX’s watchlist, HL Global announced that it would like to assure all its shareholders and business partners that the group’s business will continue as usual, and trading in its securities will also continue unless a trading halt or suspension is effected.