Singapore Exchange sees rise in delistings while IPOs slip

[SINGAPORE] About 13 companies with a combined market value of S$4.5 billion have announced plans to delist from the Singapore Exchange in the first half of 2016 as the price-to-book value of shares on the Straits Times Index trades near the lowest since the global financial crisis.

That's more than twice the amount of new listings during the period. More are exiting from Southeast Asia's biggest bourse, with Temasek Holdings offering this month to buy out subway operator SMRT Corp.

BLOOMBERG