List of new entrants to watch-list smaller due to revised MTP criteria

Singapore

THE Singapore Exchange's (SGX's) watch-list for troubled companies has expanded, with 29 fresh entrants and two departures on Monday. Nearly all of the firms newly landed on the watch-list on Monday had failed to meet a minimum trading price (MTP) requirement revised last December.

If the MTP requirement had not been revised to include a market capitalisation criterion, the number of companies that would have had to go on the watch-list would have been even higher, a bourse spokesman said, adding that at least 63 companies would have entered the list under the original MTP criterion before the …