Reasons for SC Rejection of IPO Applications 2008 (For Q1 2008)


Reasons for Rejection

Second Board (SB)


Company 1/08/SB

  • Concerns on the applicant’s growth prospects and its high dependency on a few selected customers.

  • The above constituted a non-compliance with Paragraph 6.18 of the SC’s Policies and Guidelines on Issue/Offer of Securities.