Improve disclosure when SGX rejects transfers to Catalist
THE SINGAPORE equity market now has clarity on how the Singapore Exchange (SGX) will assess applications from Mainboard companies seeking to transfer to the Catalist board.
The good news is that the market regulator is taking steps to protect the quality of the Catalist board. What SGX needs to add is that issuers must also disclose the reasons that their transfer applications are rejected.
Mainboard companies are placed on a watch-list if they fail to meet requirements either for minimum trading price or for profitability and market capitalisation, and such companies will be delisted if they are not able to get off the watch-list within certain time limits. The Catalist board, however, has no such listing requirements, making a transfer to the…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Anglo American says it received unsolicited buyout proposal from BHP
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost