Companies seeking a listing on Singapore's mainboard will face more stringent requirements with effect from 8 August 2012 and must satisfy one of three criteria.

　　1) They must be profitable in the latest financial year (pre-tax profit based on the latest full year consolidated audited accounts), have an operating track record of at least three years and have a market capitalisation of not less than S$150 million* based on the issue price and post-invitation issued share capital; or

　　2) they must have operating revenue (actual or pro forma) in the latest completed financial year and a market capitalisation of not less than S$300 million based on the issue price and post-invitation issued share capital; or

　　3) they must have made a minimum consolidated pre-tax profit of at least S$30 million for the latest financial year and have an operating track record of at least three years.

　　In addition，the IPO shares issued must be at least S$0.50 each.

　　Mr Magnus Bocker， CEO of SGX， highlighted, "Our transformational journey ensures customers coming to SGX will continue to find Asia's most competitive and relevant capital-raising and risk management venue. Quality begets quality. The enhanced admission standards will increase Singapore's attractiveness for companies and investors， further strengthening its position as an international financial centre."

　　* Chinese Yuan (Renminbi) at approximately 5.1 per Singapore dollar