UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
December 14, 2023
Commission
File Number: 001-41335
JE
CLEANTECH HOLDINGS LIMITED
(Exact
name of Registrant as specified in its charter)
Cayman
Islands
(Jurisdiction
of incorporation or organization)
3
Woodlands Sector 1
Singapore
738361
(Address
of principal executive offices)
Bee
Yin Hong, CEO
Tel:
+65 6368 4198
Email:
Elise.hong@jcs-echigo.com.sg
3
Woodlands Sector 1
Singapore
738361
(Name,
Telephone, email and/or fax number and address of Company Contact Person)
Indicate
by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| Date: December 20, 2023 |
JE CLEANTECH
HOLDINGS LIMITED |
| |
|
|
| |
By: |
/s/ LONG
Jia Kwang |
| |
|
LONG Jia Kwang |
| |
|
Chief Financial Officer and Director |
EXHIBIT
INDEX
Exhibit
No.
Exhibit
99.1
JE
Cleantech Holdings Limited Announces Receipt of NASDAQ Notification Regarding Minimum Bid Price Deficiency
Singapore,
December 19, 2023 (GLOBE NEWSWIRE) — JE Cleantech Holdings Limited (Nasdaq: JCSE), a manufacturer of a broad range of cleaning
systems, announced that on December 14, 2023, it received a written notification from the Listing Qualifications Department of The Nasdaq
Stock Market LLC (the “Nasdaq Notification”). The Notification stated that the Company’s ordinary shares failed to
maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum
Bid Price Requirement”). Receipt of the Nasdaq Notification does not result in the immediate delisting of the Company’s ordinary
shares and has no immediate effect on the listing or the trading of the Company’s ordinary shares on the Nasdaq Capital Market
under the symbol “JCSE”.
Pursuant
to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days from the date of the Nasdaq Notification,
or until June 11, 2024, to regain compliance with the Minimum Bid Requirement. If at any time before June 11, 2024, the closing bid of
the Company’s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, the Company will be deemed to have
regained compliance with the Minimum Bid Requirement following which Nasdaq will provide a written confirmation of compliance and the
matter will be closed.
In
the event that the Company does not regain compliance by June 11, 2024, the Company may be eligible for additional time to qualify. To
qualify for additional time, the Company will be required to meet the continued listing requirement for market value of publicly held
shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the bid price requirement.
In
the event that the Company does not regain compliance with the Minimum Bid Price Requirement by June 11, 2024, and is ineligible for
an additional grace period, Nasdaq will provide further written notice that the Company’s ordinary shares are subject to delisting
from The Nasdaq Capital Market. In that event, the Company may appeal the determination to a Nasdaq hearings panel or consider transferring
the listing and trading of its ordinary shares to the OTCQX of the OTC Markets.
The
Company intends to monitor the closing bid price of its ordinary shares. Receipt of the Nasdaq Notification has no effect on the Company’s
business operations.
“We
are cognizant of the value to our shareholders of the listing of our shares on Nasdaq given the liquidity and pricing efficiency that
the exchange provides. We pledge our best efforts towards improved performance which we believe will allow us to meet the continued listing
standards,” stated Ms. Bee Yin Hong, CEO and Founder of JE Cleantech.
About
JE Cleantech Holdings Limited
JE
Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment;
and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs,
develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and
Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic
rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are
designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized
dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both
mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.
Forward-Looking
Statements
Certain
statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes
may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all)
of these statements by the use of words such as “may,” “will,” “should,” “believe,” “expect,”
“could,” “intend,” “plan,” “anticipate,” “estimate,” “continue,”
“predict,” “project,” “potential,” “target,” “goal,” or other similar expressions
in this announcement. These forward-looking statements include, without limitation, the Company’s expectations with respect to
future performance and anticipated potential financial impacts. The Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it
cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s
Form 20-F, and other filings with the United States Securities and Exchange Commission.
Contact:
Jason
Long
Email
address: enquiry@jecleantech.sg
Phone
number: +65 63684198
Other
number: +65 66029468
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