No delisting pressure from proposed minimum trading price
[SINGAPORE] The proposed regulation to impose a minimum trading price for mainboard companies is unlikely to create delisting pressure, market watchers say.
Authorities on Friday proposed a raft of regulatory changes, in the wake of the penny-stock collapse in October. The Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) announced that they plan to introduce a minimum trading price, possibly within a range of 10 to 20 cents, for mainboard listings.
The proposed rule comes as companies that apply to list on the mainboard have to be listed at at least 50 cents per share, with the two regulators estimating that this could affect 130 to 230 listed firms.
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