Talks to merge watch lists for market value, MTP and profitability
SGX, industry explore possibility a firm isn't put on watch list just because of MTP failure
Singapore
SINGAPORE Exchange (SGX) and industry professionals have had discussions exploring the possibility of changing the listing rules such that falling below the minimum trading price (MTP) by itself will not relegate a company to a watch list, market sources told The Business Times.
The sources, who declined to be named, said the discussions were exploratory in nature.
One of the key mechanisms being discussed would be to merge the watch lists that SGX uses to mark Mainboard-listed companies that are at risk of being delisted due to failure to meet certain continuing obligations.
When the new MTP requirement comes into force on March 1, Mainboard-listed companies whose six-month volume-weighted average trading price is below 20 Sin…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in