BT EXCLUSIVE

SGX mulls new rule to protect minority shareholders in delistings

SINGAPORE Exchange Regulation (SGX RegCo) is mulling changes to its listing rules, which - if they come to pass - could curtail the role of controlling shareholders in a voluntary delisting, when the odds are often stacked heavily against minority shareholders.
HOCK LOCK SIEW

Cooperation between Singapore, China authorities vital to regulating S-chips

NEWS that Singapore Exchange Regulation (SGX RegCo) has engaged with the Chinese Embassy in Singapore on its communications with China authorities on developments at scandal-hit Midas Holdings are certainly music to investors' ears...
BT EXCLUSIVE

Acra looking into Mazars' role in Midas auditing

Singapore's Accounting and Corporate Regulatory Authority (Acra) is closely monitoring Mazars' past audit work at scandal-hit Midas Holdings...
BT EXCLUSIVE

Helping S-chips regain their mojo

CHINA companies seeking to raise funds by listing in Singapore will soon have to rope in state-owned enterprises (SOE) or mainland cornerstone investors, as Singapore Exchange Regulation (SGX RegCo) tries to win back the lost trust in S-chips.
STOCKS

Singapore market stuck in limbo

CAUGHT between Pyongyang and rising US 10-year treasury bond yields, the Singapore stock market appears going nowhere, for now.

Geopolitics, rising bond yields put lid on Singapore shares

UNCERTAINTIES over geopolitical meetings and rising yield on the US 10-year Treasury note have put a cap on any upside potential of Singapore shares on Thursday.

SGX orders Vard to hold new EGM

THE minority shareholders of Vard Holdings achieved a breakthrough on Thursday when Singapore Exchange Regulation (SGX RegCo) ordered the shipbuilder to hold another extraordinary general meeting (EGM) to get their approval on its delisting plan.
HOCK LOCK SIEW

Rare victory for minority shareholders at Vard

THE decision by the Singapore Exchange Regulation (SGX RegCo) was a rare and astonishing victory for minority shareholders of Vard Holdings - the target of Italy's Fincantieri Oil & Gas. ...

SGX RegCo tells Vard to hold new EGM on delisting proposal

IN an unprecedented move, the Singapore Exchange Regulation (SGX RegCo) on Thursday told Vard Holdings to hold another extraordinary general meeting (EGM) to get shareholders' approval on its delisting plan...
BT EXCLUSIVE

SGX says Vard exit offer remains conditional while it reviews EGM

SINGAPORE Exchange (SGX) on Wednesday stepped in to clear the confusion that has been swirling around the deadline for Italy's Fincantieri Oil & Gas' exit offer for Vard Holdings. ...

Proposed white knights for China Fibretech commit to special audit

CHINA Fibretech, whose shares remain suspended from trading since November 2015, has roped in six new shareholders, including a unit under Beijing State-Owned Assets Supervision and Administration Commission, which have agreed to fund a special audit and inject fresh funds to rejuvenate the company.
COMMENTARY

Roles of independent directors, auditors back in spotlight

RECENT corporate controversies have again put the role of independent directors in the spotlight.
STOCKS

Geopolitics, M'sian GE in focus amid trade war risks

THERE are many political events this week that could inject more volatility into the stock markets.
STOCKS

STI down ahead of US payrolls, trade talks

STOCKS in Asia retreated on Friday ahead of the monthly US jobs report. Investors were also anxious about the outcome of the Sino-US trade talks being held in Beijing.

STI ends lower ahead of key US payrolls data on Friday

SINGAPORE shares ended lower on Friday ahead of key US economic data scheduled for release later.
STOCKS

Corporate earnings take centre stage

CORPORATE earnings reporting dominated the centre stage on Thursday, after the US Federal Reserve held interest rates steady in line with market's expectations...

Midas could be insolvent soon amid fraud allegations

MIDAS Holdings, once a billion-dollar company with a promising future in China's booming rail sector, may join the list of insolvent companies as it falls victim to alleged fraud and misdeeds overseas, leaving minority shareholders in Singapore to pay the price and cry out in desperation for...

SGX to review how Vard's delisting EGM was handled

THE Singapore Exchange Regulation (SGX RegCo) will review Vard Holdings' extraordinary general meeting (EGM) held on Monday, following complaints of errors in the circular to shareholders and allegations of improper voting poll conducted. ...

MAS proposes guidelines for FIs on accountability and standard of conduct

MORE than 10 years on from the Global Financial Crisis, major financial institutions (FIs) have been transformed from being the under-capitalised, over-leveraged and inadequately supervised bodies that they were in 2007.
HOCK LOCK SIEW

Investors on Trek 2000 Odyssey get rude awakening

IT was a promising company, and a poster boy for Singapore companies venturing overseas.

Make nine-year cap mandatory for independent directors: Sias

THE proposed nine-year threshold for independent directors (IDs) should be set as a hard limit and written into the Singapore Exchange (SGX) Listing Rules, says David Gerald, founder of the Securities Investors Association (Sias).

CFA Institute reiterates warning on dual-class share structures

JUST days before Hong Kong stock exchange opens its doors to listing applicants with dual-class share (DCS) structures, CFA Institute maintained its stance against weighted voting rights (WVR), warning that the structure will weaken the system of checks and balances between shareholders and...
BT EXCLUSIVE

SGX says IPOs picking up, but brokers say structural issues remain

THE Singapore Exchange is optimistic about its listings pipeline, but many equity players insist the bourse remains listless and urgent remedy is needed.

SGX Q3 net profit up 21% to S$100.5m - highest in 10 years

STRONG performances in the derivatives and securities segments propelled Singapore Exchange's (SGX) net profit for the third quarter ended March 31, 2018, to S$100.5 million - its highest in 10 years...
DUAL CLASS SHARES

Dual class listings are a 'go' - but alone won't give SGX its edge

ALLOWING companies with dual class share (DCS) structures to list on the Singapore Exchange (SGX) is just one of the many factors needed to make Singapore more competitive against its equally progressive regional peers in attracting blockbuster initial public offers (IPOs), experts say.