This comes as SGX RegCo publishes its latest report on issuers whose shares have been suspended for 12 months or more; and follows a change to its trading suspension approach in last October.
The Singapore Exchange Regulation (SGX RegCo) announced that it will require suspended issuers to resolve substantive underlying concerns within three years as it works towards keeping trading suspension to the minimum and giving more certainty to the timeline for delisting.
SGX RegCo explains that this approach reinforces market discipline while providing investors clearer expectations on outcomes, and underscores SGX RegCo’s commitment to a fair, transparent and well-functioning market.
