At 9AM today, 08/09/09 Falcon Energy will migrate from Catalist listing to Mainboard listing. What is the significance?

There are many differences between Catalist and Mainboard. The differences can be found in SGX website.

But basically, the entry requirement for Catalist listing is not as stringent as Mainboard listing. If I can remember correctly, to get listed in Catalist, companies do not need to show profit and track record, can be very young company, paid-up capital can be lower, etc.

That means investors view Catalist counters as higher risk companies. The stringent requirements to get listed (and continue to maintain its status) in Mainboard is already a good reason Mainboard companies are more reliable and thus more prestigious than Catalist companies.

Thus, Falcon Energy's migration to Mainboard is indeed a good news.