What happens when companies go private? For one, despite the lack of exits via the SGX, private equity (PE) players continue to use Singapore as a base.
Since the start of the year, about five listed companies have announced proposed privatisations. The largest of these by market capitalisation are Paragon REIT and Japfa (SGX:UD2
) . Proposals to privatise SLB Development, PEC (SGX:IX2) and Econ Healthcare are also underway.
However, on Feb 28, the Monetary Authority of Singapore’s (MAS) Equities Market Review Group introduced measures to encourage issuers to list their companies on the Singapore Exchange (SGX:S68) (SGX).
