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MTP will lower liquidity, raise listing cost: SMCCA

Small & mid-cap companies association says proposed rule will add 'no meaningful value' to capital markets
Thursday, October 16, 2014 - 05:50

Implementing MTP, however, will increase issuers' cost of listing on SGX and also confuse shareholders and investors especially if companies choose to consolidate shares - PHOTO: SPH


SINGAPORE'S Small and Middle Capitalisation Companies Association (SMCCA) believes that Singapore Exchange's (SGX's) proposed adoption of a Minimum Trading Price (MTP) will add "no meaningful value to the capital markets" but instead reduce liquidity and add to listing cost.

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