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
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As war unsettles the Gulf, wealthy families reassess where to place capital and relocate
MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam
