So far this year, the companies that have delisted or are delisting from SGX include Silverlake Axis (SGX:5CP
) , Second Chance Properties (SGX:528) , Isetan Singapore (SGX:I15) , Ossia International (SGX:O08) , RHT Health Trust (SGX:RF1U) , RE&S Holdings (SGX:1G1) , Best World International (SGX:CGN) , AGV Group (SGX:1A4) , Halcyon Agri, SMI Vantage and Dragon Group International (SGX:MT1) . Trading of Great Eastern Holdings (SGX:G07) ’ shares has been suspended since July 15, but it is not delisted. In comparison, the Singapore Institute of Advanced Medicine Holdings was the only one that completed its IPO on SGX in the first three quarters of the year — and on the Catalist board.
Delistings outnumber new listings on the Singapore Exchange (SGX:S68) so far this year. What can be done to arrest this worrying trend?
The Singapore Exchange (SGX) is set to see more delistings than listings this year. While the exchange has seen more listing interest in 2H2024 compared to the first half of the year — when it saw only one initial public offering (IPO) — SGX is still the bourse with the least amount of company issuances in Asean.
