‘Really different’: SGX RegCo’s Tan Boon Gin looks to exorcise S-chip ghosts
The regulator’s chief is confident that the ‘second’ coming of Chinese listings will not lead to a repeat of corporate governance scandals
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[SINGAPORE] The mention of “S-chips” – China-based businesses, often incorporated in offshore jurisdictions, that were listed on the Singapore Exchange (SGX) – is usually shorthand for corporate governance nightmares.
Between the late 2000s and early 2010s, a series of scandals involving these companies – think “missing” cash piles, phantom factories and the sudden disappearances of chief executive officers – left retail investors holding the bag.
But Tan Boon Gin, CEO of SGX Regulation (SGX RegCo), is looking to fundamentally rewrite that script.
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