SGX awaits SingPost audit before acting on rule breach

Singapore

THE Singapore Exchange (SGX) has decided to wait for the results of Singapore Post's upcoming special corporate governance audit before assessing the postal and e-commerce group's compliance with listing rules, it said on Monday.

The bourse said this in an e-mail response to a BT query on what action it was taking given mainboard-listed SingPost's admission last Tuesday that it had not properly disclosed a conflict of interest for one of its directors, Keith Tay Ah Kee, in an acquisition it made in 2014.