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.
