ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei Markets

SGX plans to drop minimum trading price rule, saving listings

Bourse operator says it has more effective tools to target share price manipulation

  © Reuters

SINGAPORE (Nikkei Markets) -- The Singapore Exchange plans to scrap a contentious requirement for companies listed on its main board to maintain a minimum share price and market capitalization, a relief for as many as 100 firms that face the likelihood of being delisted.

Under the current rules, companies that fail to meet the minimum average trading price of 20 Singapore cents (15 cents) a share and a base market capitalization of S$40 million are given three years to improve their valuations. Those that don't can be forced to delist although they can appeal for more time to meet the minimum criteria.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more