On Dec 5, Parkson Retail Asia Ltd (PRA), which is listed on the Singapore Stock Exchange (SGX) was notified that it had been placed on its watch list. This is due to the company being unable to comply with SGX’s minimum trading price under its practice note 13.2, where PRA failed to maintain a minimum average share price of $S0.20. PRA’s share price has been below S$0.20 since May 2016.
PRA is now ignominiously placed alongside other China based stocks in the watch list basket. The company now has a 36 month “cure period” to get out of the watch list, failing which it could be delisted.