BT Mark to Market: A tale of two SGX delistings (Ep 29)

    • Don’t let delistings take you for a ride.
    • Don’t let delistings take you for a ride. PHOTO ILLUSTRATION: BTVISUAL
    Published Mon, Mar 13, 2023 · 05:27 PM

    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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