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HOCK LOCK SIEW

SGX's minimum trading price: painful but necessary

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Even though it has been more than a year since the Singapore Exchange (SGX) proposed the introduction of a minimum trading price (MTP) of S$0.20 for stocks to remain listed on the mainboard, and even after dozens of companies have already embarked on share consolidations so as to satisfy the MTP which kicks in next March, there is still opposition (see, for example, "Minimum trading price seen working against share issuers, investors", BT May 6).

EVEN though it has been more than a year since the Singapore Exchange (SGX) proposed the introduction of a minimum trading price (MTP) of S$0.20 for stocks to remain listed on the mainboard, and even after dozens of companies have already embarked on share consolidations so as to satisfy the MTP

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