Aspial Lifestyle Limited announced on Mar, 12 2026 the completion of a planned vendor share sale linked to its proposed transfer from the Catalist Board to the Mainboard of Singapore Exchange.

Controlling shareholder Aspial Corporation Limited disposed of 10 million ordinary shares at 0.31 Singapore dollars each, raising about 3.1 million Singapore dollars. The divestment represents roughly 0.54% of Aspial Lifestyle’s issued share capital.

Following the transaction, Aspial Corporation Limited’s interest in Aspial Lifestyle fell to 70.79% from 71.33%. The sale lifted the company’s public float to above the 15% threshold required under SGX Mainboard Rule 210(1), satisfying one of the key conditions for the intended board transfer.

Aspial Lifestyle said it continues to work toward completing the shift to the Mainboard, having already met the share-distribution requirement set by the exchange.