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BT EXCLUSIVE

SGX mulls new rule to protect minority shareholders in delistings

SGX RegCo says recent privatisations have raised 2 issues - whether controlling shareholders should vote, and whether exit offers are too low

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SGX RegCo's CEO Tan Boon Gin says if any rule change is proposed, a formal public consultation will be held, and regulatory approvals would be needed.

Singapore

SINGAPORE Exchange Regulation (SGX RegCo) is mulling changes to its listing rules, which - if they come to pass - could curtail the role of controlling shareholders in a voluntary delisting, when the odds are often stacked heavily against minority shareholders.

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