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Tan Jin San, 30 Mar 2010
SGX says it is delisting five companies on its watchlist. They are General Magnetics, Chuan Soon Huat, ASA Group, Fastech Synergy and Ionics EMS.
The companies have registered financial losses for at least five successive years. They did not manage to turn their businesses around after two years and their market cap is less than S$10 mln each.