FBS Global Receives Nasdaq Warning for FBGL Non-Compliance with Minimum Bid Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy FBGL?
FBS Global disclosed that it had received a notice from the Nasdaq Stock Market that FBGL is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the Company's ordinary shares on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rules. The Notice indicated that the Company has 180 days, or until October 12, 2026, to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Ordinary Shares meet or exceed $1.00 per Ordinary Share for at least ten consecutive business days.
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About FBGL
FBS Global Limited is a Singapore-based holding company. The Company operates, through its subsidiaries, Success Elite Developments Limited (SEDL) and Finebuild System Pte. Ltd. (FBS SG). The Company is a green building contractor that uses green construction methods and green materials for its construction projects, including design, supply and installation of ceilings, partitions, timber deck, carpet, lead lining, acoustic wall paneling, built-in furniture as well as mechanical and electrical services of a building. The Company is engaged in interior fitting-out works for mixed developments, private residential developments, hospitals and commercial developments. Its projects include Marina One, a mixed development at Marina Bay, Sengkang General Hospital, Outram Community Hospital and South Beach Development, a mixed development at downtown Singapore, among others. FBS SG is an integrated engineering company that provides a full suite of construction and engineering services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Project Pipeline Expansion: FBS Global announced the securing of a $78.5 million construction project pipeline covering eight public and commercial infrastructure contracts, showcasing the company's strong competitive position and growth potential in the market.
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See More
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