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
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.
TRENDING NOW
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Asia needs new energy security architecture
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
