Premium Catering (Holdings) Ltd (PC) said Nasdaq issued a Staff Delisting Determination on September 22, 2026, stating that it had determined to delist PC’s Class A ordinary shares under its discretionary authority.
PC intends to appeal by requesting an oral hearing before the Nasdaq Hearings Panel no later than September 29, 2026. A timely request will stay the suspension and the filing of Form 25-NSE pending the Panel’s decision, but the current trading halt will remain in effect unless Nasdaq lifts it. PC said the determination has no immediate effect on its operations or financial condition and that it will continue business in the ordinary course.
Premium Catering (Holdings) Limited (PC) reported interim results for the six-month period ended December 31, 2025, showing lower revenue but a sharply reduced loss. Revenues, net were S$2,055,246 compared with S$2,232,003 for the prior-year period, while gross profit was S$588,977 versus S$632,092.
Operating expenses fell significantly to S$1,063,380 from S$2,075,257, reducing loss from operations to S$52,336 from S$1,443,165. Net loss/comprehensive loss narrowed to S$429,085, down from S$1,404,862, and basic and diluted net loss per share declined to S$(0.0004) from S$(0.06), based on 21,650,000 weighted average shares. As of December 31, 2025, total assets were S$11,348,411, total liabilities were S$1,550,155, and total shareholders’ equity was S$9,798,257, with cash and cash equivalents of S$971,863.
Premium Catering (Holdings) Ltd (PC) reported that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it failed to timely file its Form 6-K interim financial report for the fiscal half year ended December 31, 2025. The company has 60 days from the September 4, 2026 delinquency letter to submit a compliance plan, and Nasdaq may grant up to 180 days from the report’s due date, or until December 28, 2026, to regain compliance.
The notice does not immediately affect the listing of Premium Catering’s Class A ordinary shares, which continue trading on the Nasdaq Capital Market under the symbol PC, but the shares will be subject to delisting if compliance is not restored. For the six months ended December 31, 2025, the company generated S$2,055,246 in revenue and recorded a net loss of S$429,085, an improvement from a S$1,404,862 net loss in the prior-year period.
Premium Catering (Holdings) Limited has appointed CHAN Wai Sing, Rex as an Independent Non-Executive Director, effective January 19, 2026. He will chair the Audit Committee and serve on the Compensation and Nomination Committees, strengthening the company’s board oversight in financial reporting and governance.
The Board determined that Mr. Chan meets the independence standards under Rule 10A-3 of the Securities Exchange Act of 1934 and Nasdaq Rule 5605(a)(2). The company states there are no family relationships or material related-party transactions involving Mr. Chan or his affiliates since the beginning of the last fiscal year.
Mr. Chan, age 37, has over 13 years of experience in the food and beverage industry, including executive roles managing restaurant operations and food distribution businesses, and holds business and professional accountancy qualifications from the Chinese University of Hong Kong.
Premium Catering (Holdings) Limited reported that its Board of Directors has accepted two director resignations. YU Chun Yin resigned as an Executive Director of the company, effective January 19, 2026. Kian San, Alvin resigned as an Independent Non-Executive Director, effective January 1, 2026. The company also includes standard cautionary language that some statements in the report may be forward-looking and subject to significant uncertainties.
Premium Catering (Holdings) Limited has accepted the resignation of Lianquan Gao as Chief Executive Officer and Executive Director and appointed Edward Keng Yan Yoon to both roles, effective December 12, 2025. The board determined that Mr. Yoon meets the independence standards under Rule 10A-3 of the Securities Exchange Act of 1934 and Nasdaq Rule 5605(a)(2), and confirmed he has no family relationships with directors or executive officers and no recent related-party transactions with the company.
Mr. Yoon, age 44, has over twenty years of experience in finance and accounting, including serving as Chief Financial Officer of Mikro MSC Berhad in Malaysia and of Republic Power Group Limited in Singapore, as well as earlier senior finance roles. He holds a Bachelor of Commerce degree from Australian National University with a major in Accounting and Finance and is a Chartered Accountant with Chartered Accountants Australia New Zealand.
Premium Catering (Holdings) Limited files an amended annual report on Form 20-F/A for the year ended June 30, 2025, detailing its Singapore-based catering operations and recent capital markets activity. The company completed an IPO of 1,650,000 Ordinary Shares at US$4.75 per share in September 2024 and a best-efforts offering of 10,000,000 Ordinary Shares at US$0.50 per share in February 2025. Despite raising funds, it reported a net loss of S$5,432,893 for 2025 and its auditor highlighted substantial doubt about its ability to continue as a going concern. The filing describes prior Nasdaq notices for minimum bid price and market value deficiencies, a 1-for-9 reverse stock split approved in July 2025, and a dual-class share structure under which the controlling shareholder holds about 85% of the voting power through Class B shares.
Premium Catering (Holdings) Limited filed its Annual Report on Form 20-F. The company reported a FY ended June 30, 2025 net loss of S$5,432,893, and management disclosed substantial doubt about its ability to continue as a going concern. Working capital was S$10,071,038, primarily from public offerings.
Capital markets activity included an IPO of 1,650,000 Ordinary Shares at $4.75 per share with net proceeds of about $6.994 million in September 2024, and a “best efforts” sale of 10,000,000 shares at $0.50 per share for gross proceeds of $5,000,000 in February 2025. To address Nasdaq compliance, shareholders approved a 1-for-9 reverse stock split in July 2025, and the company subsequently regained compliance with the Minimum Bid Requirement.
Shares outstanding were 18,652,750 Class A and 10,547,250 Class B as of June 30, 2025. As of the report date, there were 3,244,445 shares outstanding, including 2,072,528 Class A and 1,171,917 Class B. The controlling shareholder held all Class B shares, representing about 85% of voting power.
Premium Catering (Holdings) Limited reported that the U.S. SEC ordered a suspension of trading in its securities from 4:00 a.m. EDT on October 17, 2025 through 11:59 p.m. EDT on October 30, 2025.
On October 17, 2025, Nasdaq requested certain information and documents from the company. Premium Catering stated that its business operations remain normal and are not affected by the trading suspension.
Premium Catering (Holdings) Limited reported a leadership change in its finance function. The company’s Group Chief Financial Officer, Loh Hui Ying, has resigned from the Group CFO role but will continue as Chief Financial Officer of the wholly owned operating subsidiary in Singapore, helping maintain continuity in local operations. Effective September 15, 2025, the Board appointed Ben Ka Hei Wong, age 29, as Executive Director and Group Chief Financial Officer. Mr. Wong will lead development and execution of group business strategies and oversee financial performance, investments and other ventures. He holds a Bachelor of Economics and Finance from the University of Hong Kong and has about five years of finance experience, including roles focused on risk management, compliance and anti–money laundering. The Board believes his risk management background will support the company’s growth.