SGX awaits SingPost audit before acting on rule breach
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Singapore
THE Singapore Exchange (SGX) has decided to wait for the results of Singapore Post's upcoming special corporate governance audit before assessing the postal and e-commerce group's compliance with listing rules, it said on Monday.
The bourse said this in an e-mail response to a BT query on what action it was taking given mainboard-listed SingPost's admission last Tuesday that it had not properly disclosed a conflict of interest for one of its directors, Keith Tay Ah Kee, in an acquisition it made in 2014.
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