The Business Times
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Consolidation ratio is board's decision: SGX

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Published Sun, May 17, 2015 · 09:50 PM

    I REFER to the letter "SGX, put a stop to excessive share consolidation ratios" (BT, May 12, 2015).

    I would like to thank Mr Sabnani for his support of the minimum trading price (MTP) initiative, which is aimed at reducing excessive speculation and improving the stock market.

    A decision on whether a company should consolidate its shares, at what ratio, or transfer to Catalist, in order to comply with the minimum trading price requirement is a board and shareholder decision taking into consideration the company's interests.

    Letter to the Editor

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