A more robust sponsor-based regime for Catalist is needed

LAUNCHED in November 2007, the sponsor-based Catalist board welcomed its first sponsor-approved listing in June 2008, when Mencast Holdings raised S$6.3 million. JK Technology Group was the first SESDAQ company to transfer to Catalist in March 2008.

A refined 'Gift' for a changed world

THE Governance Index for Trusts (Gift) was launched in 2017 as a dedicated index for assessing the governance and business risk of real estate investment trusts (Reits) and business trusts (BTs). It recognises the unique features which set these trusts apart from other listed issuers which are...

Challenges of the new quarterly reporting regime

ON JAN 9, 2020, Singapore Exchange Regulation (SGX RegCo) announced that it will only require companies associated with higher risks to report quarterly results. It sees this risk-based approach as being more targeted and less arbitrary than the size-based approach that has been in operation...

Time for 'fit and proper' tests for directors of listed companies, not just for financial institutions?

ON Feb 19, 2020, Catalist-listed DLF Holdings announced that it was selling a BMW528iA car, with the number plate "SKN3333R", to Abwin (1994) Pte Ltd, an unrelated third party buyer. The car's certificate of entitlement, originally registered on Nov 29, 2013, has an expiry date of Nov 28, 2023...

Sponsors' conflicts symptomatic of a bigger issue

ON JAN 22, 2020, SGX Regco issued a Notice of Compliance (NOC) to RHT Capital (RHTC), a full sponsor on the Catalist board. This was for possible conflicts of interest relating to share registrar or investor relations services provided by RHT Corporate Advisory Pte Ltd (RCA) and RHT...

Compliance with SGX listing rules is still poor

ON OCT 29, 2019, at 7.57 am, Sakae Sushi responded to queries by Singapore Exchange (SGX) issued four days earlier regarding, among other things, the auditors' basis for disclaimer of opinion and the supplemental information on directors who were seeking re-election. The annual general meeting (...