Lum Chang Holdings has received in-principle approval from the Singapore Exchange to transfer its listing to the mainboard

Lum Chang Creations has received in-principle approval from the Singapore Exchange to transfer from the Catalist board to the mainboard, exempting it from the Catalist Rule 408 listing requirement of being listed for two years. The company's pre-tax net profit reached SGD 16.5 million, and the mainboard listing regulations have lowered the pre-tax profit threshold from SGD 30 million to SGD 10 million. The CEO stated that the mainboard listing will enhance the company's image and visibility, with plans to await approval from the shareholders' meeting. Lum Chang Creations' stock price rose by 3.13% to SGD 0.825, while the parent company Lum Chang Holdings' stock price fell by 9.16%