SGX Exchange Regulation (SGX RegCo)

Under the new guidance, companies that choose to conduct their AGMs before April 30 must conduct the meetings in a certain manner.

While the Covid-19 pandemic rages, the regulator says it is focused on stepping up the pace of its process

“Issuers are encouraged to adopt further digital tools for the conduct of their general meetings, and SGX RegCo stands ready to work with them,” the market regulator said.

Phua also admitted to PwC that he had made contradictory statements because of his “pride” – he did not want the Audit Committee to know that he was in need of cash.

“The waiver provides flexibility for issuers in considering the best way to conduct their AGMs,” the stock market regulator says in a Feb 27 statement.

Quoteworthy: In today’s world of social media, fear, uncertainty and panic spread a lot faster on social media than the truth, which is boring and nobody wants to share. — Minister Lawrence Wong, co-chair of the Multi-Ministry Taskforce on Covid-19,

SGX RegCo is keeping an AI on unusual trading activity.

SINGAPORE (Feb 7): Some Singapore listed companies with a Dec 31 2019 year-end will be given a two-month extension to hold their AGMs, given the disruptions caused by the coronavirus outbreak. Companies now have up to June 30 2020 to hold their AGMs. 

Effective today, SGX-listed companies on the whole will do away with the existing quarterly reporting (QR) under a new risk-based approach adopted by the stock exchange.