Fewer SGX delistings expected in 2024 as market conditions improve, new rule kicks in
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Tay Peck Gek
THE flow of delistings from the Singapore Exchange (SGX) appears to have been staunched somewhat: 25 companies have delisted in the year to Dec 13, which is 11 fewer than last year.
Industry watchers expect SGX delistings to slow further in 2024, as market conditions improve and tougher acquisition guidelines kick in.
FSMOne.com’s senior research analyst Chloe Halim reckoned that the smaller crop of delistings this year was likely due to improving economic conditions.
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