Oiltek secures SGX approval to shift listing to Mainboard

The board also cautioned that there is no certainty the transfer or new constitution will be finalised.

The Singapore Exchange (SGX-ST) has approved in principle Oiltek International Limited's transfer of its listing to the Mainboard from the Catalist Board, subject to meeting final regulatory and shareholder requirements.

The board of directors announced that SGX-ST issued the approval on 1 April 2025, allowing the company to proceed with the next steps, including shareholder approval via a special resolution at an upcoming extraordinary general meeting.

The transfer is contingent on compliance with SGX listing rules, formal undertakings from the company, its sponsor, and directors, and a confirmation that no undisclosed material information affects the company’s suitability for the move.

In tandem with the proposed transfer, Oiltek will also seek shareholder approval to adopt a new company constitution, aligning with recent amendments to Singapore’s Companies Act introduced under the 2023 Miscellaneous Amendments Act.

The board also cautioned that there is no certainty that the transfer or new constitution will be finalised. Shareholders and investors were advised to consult professional advisors and exercise caution when trading the company’s shares.

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