The Business Times
SUBSCRIBERS

Companies should comply with SGX's MTP as soon as possible

Published Wed, Feb 11, 2015 · 09:50 PM
Share this article.

FROM March 2, companies whose shares are listed on Singapore Exchange's (SGX) mainboard will have to comply with the requirement of a minimum trading price (MTP) of 20 cents for their shares. After a one-year grace period that extends to March 2016, companies that do not satisfy the MTP requirement will be placed on a watchlist for three years, during which their shares will not be eligible for investment under the Central Provident Fund Investment Scheme.

Beyond that, non-compliance with the MTP could result in a delisting, though this is likely to be a last resort as the option exists for a transfer to the second…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Columns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here