Reprieve on minimum trading price as SGX tweaks calculation method

It also gives 20 Mainboard companies hit by market volatility 6 more months to raise their share price above 20 cents

Published Tue, Feb 2, 2016 · 09:50 PM

Singapore

THE Singapore Exchange (SGX) gave Mainboard-listed companies on the margins of a coming minimum-trading-price rule some wiggle room on Tuesday.

About 20 of these companies will have an additional six months to meet the price requirement in light of January's market volatility, the market operator announced on Tuesday.

SGX will also change its formula for calculating the minimum price to now adjust historical data for share consolidations. Doing so will align the formula with "international data companies", it said.

SGX said about 20 companies have experienced for the firs…

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