NewTimeSpace News:Aspial Lifestyle Limited disclosed its core plan to transfer from the SGX Catalist to the SGX Mainboard in an announcement released on 4 March 2026, which aims to enhance the company’s long-term shareholder value and align with the Group’s development needs arising from the expansion of its business scale and the strengthening of its financial position.

According to the announcement, Aspial Lifestyle Limited has been listed on the Catalist since June 2012. Over the years, the Group’s business has achieved substantial growth, with its net profit rising from approximately SGD 14.4 million in the financial year 2021 to around SGD 80.7 million in FY2025, demonstrating its ability to sustain profitability. The board of directors of Aspial Lifestyle Limited believes that a Mainboard listing will broaden the investor base, elevate the company’s image both domestically and internationally, and create greater room for the Group’s future financing and business expansion.

The proposed listing transfer is subject to a number of conditions, including the receipt of in-principle approval from the Singapore Exchange (SGX), compliance with relevant listing rules, and approval via a special resolution of shareholders. In particular, in accordance with the SGX Mainboard rules and based on the company’s average daily market capitalisation of approximately SGD 580.75 million over the past month, the public float ratio must be no less than 15% with the number of public shareholders holding the shares being at least 500. However, Aspial Lifestyle Limited’s current public float ratio stands at only 14.94%, which does not meet the aforesaid requirement.

To facilitate the listing transfer, ACL, the controlling shareholder of Aspial Lifestyle Limited, has entered into a share sale mandate with SAC Capital Private Limited to sell up to 10 million ordinary shares at a price of SGD 0.34 per share. Upon the completion of this share sale, it is expected that the company will meet the public float requirements for the Mainboard listing.

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