Beng Kuan Marine (SGX:BEZ) was removed from the watch-list of the SGX after its exit application was approved in-principal by the governing body, according to a filing with the Singapore Exchange on Monday.
On Aug. 5, the company had released a quarterly update as part of its efforts to meet the listing requirements. The marine and offshore company had increased its revenue by 88% year over year to SG$59.9 million in the first half of the year.
Shares of the company rose over 6% in recent trading.
Price (SGD): S$0.27, Change: S$+0.015, Percent Change: +6.00%
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