XMH Holdings (SGX:BQF) application to the SGX for the removal from the watch-list was approved in-principle, according to a filing with the Singapore Exchange on Thursday.
Earlier, the company had applied for the removal after meeting the exit criteria.
The power solutions company had posted a pre-tax profit of around SG$16.6 million for fiscal 2024 and had a market capitalization of SG$40 million over the past six months.
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