Minimum Trading Price not adding to market vibrancy

THE Singapore Exchange's Minimum Trading Price policy which is forcing mainboard-listed companies to consolidate their shares to remain listed on the mainboard is causing a lot of pain and distress to the companies as well as the long-suffering shareholders of these companies.

The SGX has said that this 20-cent MTP policy will "boost the local stock market's quality" and that the higher-priced shares will…