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SGX adds market cap test to minimum trading price rules, lengthens review period

14 companies, including Enviro-Hub Holdings, exit watchlist given new rule

Published Fri, Dec 2, 2016 · 09:50 PM

Singapore

SINGAPORE'S bourse operator has added a new S$40 million market capitalisation requirement to its controversial minimum trading price (MTP) framework, and lengthened the review frequency to twice a year.

With these changes taking effect on Friday, 14 companies that do not trigger the new MTP criteria have exited the watchlist, said Singapore Exchange (SGX) in a release after market close. Fifty-four remain on the list.

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