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Helping S-chips regain their mojo

SGX RegCo will require the participation of Chinese cornerstone investors or state-owned enterprises in future listings of China firms

Angela Tan

Published Sun, May 20, 2018 · 09:50 PM

Tan Boon Gin

Singapore

CHINA companies seeking to raise funds by listing in Singapore will soon have to rope in state-owned enterprises (SOE) or mainland cornerstone investors, as Singapore Exchange Regulation (SGX RegCo) tries to win back the lost trust in S-chips.

For future initial public offer (IPO) applicants, the regulator will see if they have Chinese cornerstone investors, preferably institutional investors, and whether or not they are being brought in by Chinese investment banks.