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
Add BT as a preferred source
Angela Tan
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.
In response to queries from The Business Times (BT), Tan Boon Gin, SGX RegCo's chief executive officer, said recent privatisations of listed companies have raised two issues:
TRENDING NOW
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
The Singaporean turning Vietnam's Techcombank into an AI-first lender
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
Xi Jinping has just rewritten the rules of US-China rivalry
