Singapore Exchange (SGX) has filed complaints with authorities in China against Wu Xinhua, Executive Chairman and CEO of SGX-listed China Fibretech Ltd. The complaint was made against Wu in relation to several alleged offences under the Chinese Penal Code. The complaint was filed through lawyers appointed in both Singapore and China who have been advising…
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The Monetary Authority of Singapore (MAS) has directed Singapore Exchange (SGX) to implement measures to enhance its recovery processes and operational resilience, following supervisory investigation into the trading disruption to the securities market on 14 July 2016. These measures include recommendations by the Industry Working Group (IWG), comprising SGX and industry stakeholders. SGX will contribute…
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Singapore Exchange (SGX) is enabling companies to seek a general mandate for an issue of pro-rata renounceable rights shares of up to 100% of the share capital from 50% previously. The enhanced rights issue limit is aimed at helping companies raise funds expediently for expansion activities or working capital. Recognising that listed companies have to…
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Singapore Exchange (SGX) announced that will mandate all Mainboard IPO companies to allocate to retail investors, at least 5%, or S$50 million, whichever is lower, of their offer size. The introduction of the minimum IPO allocation is aimed at facilitating greater retail participation in Singapore’s equities market. The new rules on the minimum allocation are…
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Singapore Exchange (SGX) is consulting the public on proposed adjustments to the equities market structure aimed at addressing market conditions, while balancing the diverse objectives and interests of different segments of participants in the market ecosystem. The three proposed adjustments are: Increasing the minimum bid size for stocks and relevant securities trading in the S$1.00…
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Singapore Exchange (SGX) today welcomed Hatten Land to Catalist under the stock code “PH0”. Hatten Land is a property developer with an established reputation in developing premium integrated residential, hotel and commercial developments in Malaysia. Hatten Land is the property development arm of Hatten Group, a leading brand in Malaysia with core businesses across property…
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Singapore Exchange (SGX) is consulting the public on whether a dual class share (DCS) structure where certain shares have higher voting rights than others, should be introduced and if so, what safeguards might be appropriate. DCS structures may be utilised by entrepreneurs and companies to increase flexibility in capital management, and to provide greater investor…
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Singapore Exchange (SGX) today welcomed Pacific Star Development Limited to Catalist under the stock code 1C5. Pacific Star Development Limited is a Singapore-based premier property developer of award-winning mixed-used projects and prime residential developments in key gateway cities across ASEAN countries. Its projects on hand include Puteri Cove Residences and Quayside in Iskandar Malaysia, and…
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Singapore Exchange (SGX) welcomed Dasin Retail Trust to Mainboard under the stock code CEDU. Dasin Retail Trust is the first SGX-listed China retail property trust providing direct exposure to the fast-growing Pearl River Delta region. Dasin Retail Trust’s principal investment mandate is to own, develop or invest in land, uncompleted developments and income-producing real estate…
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Singapore Exchange (SGX) just announced that has welcomed Samurai 2K Aerosol Limited to Catalist under the stock code 1C3. Established in 1997, Samurai 2K is a Malaysia-based aerosol coating specialist with a focus on high performance coating solutions for the automotive refinishing and refurbishing industry. The company manufactures, distributes and markets its products under its…
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