Singapore, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Springview Holdings Ltd (Nasdaq: SPHL) ("SPHL" or "we," "our," or the "Company"), a leading designer and builder of residential and commercial properties in Singapore, today announced that on November 24, 2025, its board of directors approved a reverse split of its Class A ordinary shares on a one-for-eight basis (the “Reverse Share Split”), and a change in par value of its Class A ordinary shares from US$0.0001 to US$0.0008. The Company’s Class B ordinary shares ...

Core Points - Springview Holdings Ltd has failed to comply with Nasdaq Continued Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for 30 consecutive business days [1][2] - The company was given a 180-day period until October 22, 2025, to regain compliance but did not meet this requirement, leading to a Staff Delisting Determination [2][3] - The company has appealed the delisting determination and requested a hearing, which is typically scheduled 30-45 days after the request [3] Company Overview - Springview Holdings Ltd is involved in the design and construction of residential and commercial buildings in Singapore, with operations dating back to 2002 [4] - The company offers a comprehensive range of services including new construction, reconstruction, additions, alterations, and general contracting [4] - Springview also provides post-project services such as defect repairs and maintenance, enhancing customer engagement and future project opportunities [4]

Core Insights - Springview Holdings Ltd's subsidiary, Springview Singapore, has achieved bizSAFE Level 4 certification, effective June 9, 2025, marking a significant advancement in operational excellence and sustainable growth [1][2][3] Group 1: Certification Impact - The bizSAFE Level 4 certification highlights Springview Singapore's commitment to integrating top-tier workplace safety and health practices, enhancing workforce safety and expanding market opportunities [2][3] - This elevation from bizSAFE Level 3 to Level 4 demonstrates Springview Singapore's capability to meet and exceed stringent government and industry safety standards, positioning the company for accelerated growth in the construction sector [3] Group 2: Leadership Commentary - CEO Zhuo Wang emphasized the importance of the certification as a reflection of the company's dedication to workplace safety and operational excellence, which will enable the company to pursue new growth opportunities [4] - The certification also strengthens the company's ability to collaborate with industry leaders and public sector partners who prioritize high safety standards, with a goal to achieve bizSAFE STAR certification in the future [4] Group 3: Company Overview - Springview Holdings Ltd specializes in designing and constructing residential and commercial properties in Singapore, with a history dating back to 2002, offering a comprehensive range of services including design, construction, and project management [5]

Core Viewpoint - Springview Holdings Ltd has received two significant government certifications (CW01 and CW02) from the Building and Construction Authority in Singapore, which will enable its subsidiary to bid for small-scale public sector projects, thereby expanding its addressable market and revenue opportunities [1][3]. Company Overview - Springview Holdings Ltd designs and constructs residential and commercial buildings in Singapore, with an operating history dating back to 2002. The company offers a comprehensive range of services, including design, construction, furniture customization, project management, and post-project services [8]. Strategic Implications and Growth Opportunities - The new CW01 and CW02 certifications enhance Springview Singapore's market position by allowing it to participate in public sector tenders and access new revenue opportunities with private sector developers [3][5]. - The upgrade from General Builder Class 2 (GB2) to General Builder Class 1 (GB1) allows Springview Singapore to undertake larger and more complex projects without the previous $6 million maximum value restriction [4][6]. - The GB1 certification positions Springview Singapore as a more attractive choice for large developers and infrastructure projects, improving its credibility and industry reputation [6][7]. Competitive Advantage - With the GB1 certification, Springview Singapore can bid for high-value projects, significantly increasing its business growth potential and competitive advantage in the construction market [4][6]. - The company can leverage its inclusion on the BCA's list of registered contractors to access a broader range of projects, including general building and civil engineering works [5][6].