Tag: Cleantech

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SINGAPORE, Nov 1, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (NASDAQ: JCSE) (“JE Cleantech” or the “Company”), a Singapore-headquartered cleantech company, announced today that it has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum bid price requirement under the Nasdaq Listing Rule 5550 (a)(2) for continued listing on The Nasdaq Capital market. The Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days. To regain compliance, the Company initiated a 1-for-3 Share ... Read more

JE Cleantech Holdings Limited (“JE Cleantech” or “JCSE”)(NASDAQ: JCSE), a leading Singaporean cleantech and precision engineering company, today released its financial results for the six-month period ended June 30, 2023 (“H1 2023”). The Company has experienced significant growth in revenue and net income compared to the corresponding period last year (“H1 2022”), reflecting its commitment to delivering innovative and sustainable solutions in the cleaning technology sector. In H1 2023, JCSE’s revenue experienced an increase of approximately 22.5% compared to H1 2022 to achieve approximately S$8.8 million (US$6.5 million) of sales. The growth was driven by nearly 50% increase in sales ... Read more

JE Cleantech Holdings Limited (NASDAQ: JCSE) announced today that its Board of Directors has authorized a stock repurchase program of up to $1,000,000 of the Company’s outstanding Ordinary Shares, par value $0.001 per share. This program will commence immediately. “This new stock repurchase program reflects the Board’s and management’s confidence in our improving operating results, future growth prospects, and business strategy to continue to create long-term value for our shareholders,” commented Elise Hong, Chairperson and Chief Executive Officer. The Board’s authorization permits JCSE to repurchase shares from time to time in open market transactions at prevailing market prices, in privately ... Read more

JE Cleantech Holdings Limited (NASDAQ: JCSE) today announced the results of the Company’s Extraordinary General Meeting of Members (the “Extraordinary Meeting”) held on August 29, 2023, at the Company’s offices located at 3 Woodlands Sector 1, Singapore. At the Extraordinary Meeting, the members approved and authorized a consolidation of the Company’s Ordinary Shares (“Reverse Stock Split”) of the Company’s issued Ordinary Shares in a range from 1 for 1.5 to 1 for 10 Ordinary Shares (the “Range”). The Board of Directors may elect to either: (i) effect the Reverse Stock Split; or (ii) not effect the Reverse Stock Split; within ... Read more