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SGX to propose scrapping rule on minimum trading price: sources

Two years after rule effected, SGX now faces wave of delistings in 2020 as the first batch of non-compliant issuers come up against their deadline

Published Thu, Jul 18, 2019 · 09:50 PM

Singapore

SINGAPORE Exchange Regulation (SGX RegCo) plans to seek public feedback on a proposal to scrap the minimum trading price (MTP) requirement for Mainboard-listed companies, The Business Times has learnt.

A public consultation will pave the way for an eventual reversal of the market operator's decision three years ago to impose the share price hurdle, and could avert the prospect of the exchange having to delist up to 54 companies in June 2020 because they could not raise their share prices in time.

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