‘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
Add BT as a preferred source
[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.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
