According to Lee, the review group has already spoken to a few of such companies, who have operations in Singapore and the region and enjoy good brand recognition here. They are also not so large, with market capitalisations of above $10 billion, where they may look to list on a global exchange instead, he adds.
The equities market review group established by the Monetary Authority Singapore (MAS) is targeting to have “mid-sized but good-sized” companies listing on the Singapore Exchange (SGX:S68
) (SGX), says Lee Chuan Teck, chairman of Enterprise Singapore and chair of the review group’s enterprise and markets workstream.
Lee was speaking at a media briefing held on Feb 21, together with Chee Hong Tat, Minister for Transport, Second Minister for Finance and deputy chairman of MAS, and Chia Der Jiun, managing director of MAS and chair of the review group’s regulatory workstream.
