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Medtecs climbs 12% as company eyes mainboard transfer

It closes at S$0.99, off the day's high; firm says it'll be included in MSCI Singapore Small Cap Index

Published Mon, Nov 16, 2020 · 09:50 PM

medtecs intl

Singapore

SHARES of Medtecs International ended Monday higher, even as other healthcare plays reversed course to end lower for the day.

This comes after the medical products supplier said that it is planning to transfer its listing from Catalist to the mainboard of the Singapore Exchange.

The counter traded as high as S$1.02 before closing at 99 cents, up 10.5 cents or 11.9 per cent. Year to date, Medtecs shares are now trading at about 27 times their Dec 31 close …