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SGX to hold mainboard IPO managers to higher standards

It wants issue managers to be independent of listing applicants

Published Thu, Nov 29, 2018 · 09:50 PM
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Singapore

ISSUE managers that advise firms seeking to list on the mainboard of the Singapore Exchange (SGX) could soon be held more accountable for the firms they help take public, if new rule changes proposed by the SGX get implemented.

Currently, the SGX does not require mainboard issue managers to be independent from the firms they advise.

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Corporate governance

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