THE ACE Market and companies listed on it have been making the news of late for all the wrong reasons. News flow on the weak performance of recently-listed companies on ACE, still largely perceived as a listing avenue for tech-heavy high-growth firms, has led to intense scrutiny as well as criticism of the alternative market.
However, there are many examples of companies which have used this platform to list and fared well in terms of growth and moved on to the higher league, the Main Market. Most of them are technology-based or trading/services firms. As at mid-June this year, some 23 companies have made the migration; ten are listed under the trading/services sector, nine under technology, three under industrial products and one under consumer products.
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