List of SGX’s suspended stocks keeps growing; few companies can resolve issues or make exit offers
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THE number of stocks listed on the Singapore Exchange (SGX) is falling, but the number of suspended listed stocks is growing steadily. Of the 630 companies listed on the SGX at the end of March, nearly 10 per cent of them – or 61 stocks – are suspended.
Current listing rules say trading suspensions “may persist for a prolonged period”.
In response to queries from The Business Times, an SGX spokesperson said that two outcomes are possible for long-suspended companies: One is a trading resumption, which would be “a positive outcome for shareholders”. The other is a directive to delist.
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