Aspial offloads 10 million shares amidst SGX Mainboard push

The shares were valued $0.31 apiece, totalling to $3.1m.

Aspial Corporation Limited disposed of 10 million shares in the company on 12 March 2026 at $0.31 per share, raising $3.1m and representing about 0.54% of the company’s issued and paid-up share capital.

Following the transaction, Aspial’s stake in the company fell to 70.79% from 71.33%, according to an SGX filing.

The company said the sale forms part of steps linked to its proposed transfer from the Catalist board to the Mainboard of the Singapore Exchange.

Under the exchange’s listing rules, at least 15% of a company’s total issued and paid-up share capital must be held by at least 500 public shareholders for a Mainboard listing.

After completion of the share sale, more than 15% of the company’s share capital is held by public shareholders, and the company complies with Rule 210(1) of the Mainboard rules.

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