BT Mark to Market: A tale of two SGX delistings (Ep 29)
Why are minority shareholders not adequately compensated when proposed break-ups and delistings occur? And how do they test rules and conventions? Ben Paul finds out.
Synopsis: Listen to senior correspondent Ben Paul’s analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times.
The proposed break-up and delisting of Golden Energy and Resources and the general offer for Boustead Projects do not adequately compensate minority investors. These deals are also testing the rules and conventions around de-listings in the Singapore market. Ben Paul has insights.
Highlights:
02:13 Golden Energy already trading above all-cash consideration
05:18 Revised offer for Boustead Projects way below NAV, RNAV
09:28 SGX tightened up its rules on de-listings in 2019
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11:30 Investor complaint draws regulatory scrutiny of IFA role
14:53 SGX’s position on general offers, de-listings could be tested
Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro
Edited by: Howie Lim
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ABOUT THE PODCAST
BT Correspondents brings together some of The Business Times’ most trusted columnists in a single series. Featuring Mark to Market, WealthBT, TransportBT, and PropertyBT, weekly episodes deliver expert analysis and clear perspectives on stocks, wealth, mobility, and real estate. It is essential listening for professionals who want context, clarity, and depth.
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