SGX mulls new rule to protect minority shareholders in delistings
SGX RegCo says recent privatisations have raised 2 issues - whether controlling shareholders should vote, and whether exit offers are too low
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Angela Tan
Singapore
SINGAPORE Exchange Regulation (SGX RegCo) is mulling changes to its listing rules, which - if they come to pass - could curtail the role of controlling shareholders in a voluntary delisting, when the odds are often stacked heavily against minority shareholders.
In response to queries from The Business Times (BT), Tan Boon Gin, SGX RegCo's chief executive officer, said recent privatisations of listed companies have raised two issues:
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