SIAS chief calls for heavy fines on those who breach listing rules
He also highlights price swings distorting thresholds requiring shareholders' nod
Singapore
AMID the spate of penny stock price collapses last month, investor lobby group Securities Investors Association Singapore (SIAS) has asked the regulators to give more teeth to listing rules here by imposing heavy fines on individuals who flout them.
If corporate miscreants understand that there is greater likelihood of being found out, and that the cost of such breaches is high, perhaps they would think twice about dabbling in the market, SIAS president and CEO David Gerald said at an awards presentation ceremony last night. "Companies listing in Singapore must not take the view that if they breach listing rules, they can go scot free," he said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling