Another Malaysian developer eyes backdoor listing on SGX

Singapore

PROPERTY developers from across the Causeway seem to have developed a taste for the Singapore bourse, with three of them having struck separate deals over a span of two short weeks for backdoor listings.

Commenting on the interest for a Singapore Exchange (SGX) listing, as seen by the proposed reverse takeover (RTO) deals, observers say this could be a sign of some Malaysian developers wanting to capitalise on Singapore's access to capital markets and its stable currency.