SGX RegCo expects timely, adequate disclosure of significant litigation

Singapore

SINGAPORE'S frontline market regulator is serving notice on listed companies that they must make timely disclosure and provide sufficient details when it comes to significant litigation.

This comes after Sembcorp Industries (SCI) made a regulatory filing on Jan 17 on its joint venture's pollution offences in China. That disclosure followed queries from The Business Times on the back of a Chinese news report that SCI's appeal had been dismissed with a S$10 million fine affirmed in mid-October last year while its multi-million dollar civil claims were being settled.