Aspial Lifestyle Proposes Transfer to SGX Mainboard; Shares Up 3%

MT Newswires

03/05

Aspial Lifestyle (SGX:5UF) has proposed to undertake a transfer to the Mainboard of the SGX, according to a Wednesday filing with the Singapore Exchange.

Shares of the retail company were up nearly 3% in Thursday trading.

The board believes that a mainboard listing will "improve the performance of its shares" and allow the company to recruit better talents, bolster its brand and attract new business opportunities.

The proposed transfer is subject to regulatory and shareholder approvals, the filing added.

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