“It is important for issuers to recognise that when there are developments that constitute material information under the listing rules, they would have to disclose it on a timely basis. If there is any delay in disclosing, they would be held responsible,” says former market regulator June Sim, in an interview with The Edge Singapore.
For years, listed companies have operated under a cautious mindset, providing at most vague forward-looking views of their businesses. At the same time, certain companies have breached listing requirements by failing to promptly disclose material developments.
Singapore’s blue chips and REITs tend to lead in timely, accurate disclosures of material information. Still, small- and mid-cap companies as a whole can try to catch up, and the market ecosystem can continually improve practices and communication among listed companies, market professionals and investors.
