Notice of 3 Consecutive Years' Losses::Notice of 3 Consecutive Years' Losses
Issuer & Securities
Issuer/ ManagerCOURAGE MARINE GROUP LIMITED
SecuritiesCOURAGE MARINE GROUP LIMITED - BMG2535T2089 - ATL
Stapled SecurityNo
Announcement Details
Announcement Title Notice of 3 Consecutive Years' Losses
Date & Time of Broadcast26-Feb-2016 22:40:14
StatusNew
Announcement Sub TitleNotice of 3 Consecutive Years' Losses
Announcement ReferenceSG160226OTHR5ZJW
Submitted By (Co./ Ind. Name)Lee Pih Peng
DesignationCompany Secretary
Effective Date and Time of the event26/02/2016 18:00:00
Description (Please provide a detailed description of the event in the box below)Courage Marine Group Limited refers to Rule 1312 of the Listing Manual and the requirement that, upon recording a pre-tax loss for the third consecutive financial year (based on the latest announced full year consolidated accounts excluding exceptional or non-recurrent income and extraordinary items), an issuer must immediately announce the fact through the SGXNet, providing the information as set out below.

Additional Details
COURAGE MARINE GROUP LIMITED hereby gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at (a) is (b)
a) Date26/02/2016
b) Latest 6-month average daily market capitalisationS$88.9 million
The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:
pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.
Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.