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SGX offers 6-month extension to meet minimum trading price

Move comes amid 15.5% drop in the FTSE ST All-share index in the six months to Nov

Published Thu, Dec 3, 2015 · 09:50 PM

Singapore

MAINBOARD-LISTED companies that consolidate their shares before March 1, 2016, will have another six months to meet the minimum trading price (MTP), the Singapore Exchange (SGX) announced on Thursday.

Companies that carried out corporate actions such as mergers and acquisitions or reverse takeovers before March 1 can also seek a similar extension, which SGX will grant on a case-by-case basis.

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