SGX not alone in facing delistings, privatisations

WHEN the announcement was made that the recently-delisted OSIM International was looking to relist in Hong Kong sometime in the near future, the reaction from many in the market was predictable - observers viewed it as yet another indictment of the weak Singapore market and some took the opportunity to criticise the Singapore Exchange (SGX) listing venue with an oft-used comment that the episode is a "wake up call" to the authorities to pull up their socks and do more to enhance the market's attractiveness.

Whilst it is undoubtedly troubling to see a well-known, home-grown brand name like OSIM (and the others before it in the past few y…