The Singapore Exchange Regulation (SGX RegCo) recently launched a public consultation on its proposed enhancements to Singapore’s corporate restructuring and trading resumption frameworks. Proposed changes to the Mainboard...more
ACRA and SGX RegCo are consulting on recommendations for climate-related disclosure reporting for Singapore companies. The recommendations cover both listed and large non-listed companies. The requirement will be rolled out...more
The Singapore Stock Exchange (“SGX”) has recently launched the SGX Sustainable Fixed Income Initiative (“SFI Initiative”). The SFI Initiative aims to accredit wholesale and fixed income securities listed on the SGX that meet...more
The Singapore Exchange Regulation (SGX RegCo) published a public consultation paper proposing to amend the Listing Rules to impose a hard nine-year limit on the tenure of independent directors, removing the current two-tier...more
The Singapore Exchange (“SGX”) recently finalized its listing rules for special purpose acquisition companies (“SPACs”) on the Mainboard of the SGX. Sponsors contemplating a SPAC listing may now consider listing in Singapore,...more
The Singapore Exchange has launched special purpose acquisition company (SPAC) listings in Singapore with a new framework on governing SPACs. From 3 September 2021, SPACs will be able to apply for listing on the Mainboard...more
The SPAC Framework proposes to safeguard investor interests and meet capital-raising market needs. Special purpose acquisition companies (SPACs) can now list on the Mainboard of the Singapore Exchange Securities Trading...more
The Singapore Exchange has launched a consultation on proposed rules governing special purpose acquisition companies. SPACS DEFINED - Special purpose acquisition companies (SPACs) are shell or “blank cheque” entities...more
The SGX and SGX Regco announced today a consultation on the amendment of the Listing Rules to allow for Special Purpose Acquisition Companies (SPACs) to be listed on the Mainboard. This is a significant development for...more
On 18 December, 2020, GHY Culture & Media Holding Co., Limited (GHY) was officially listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST), following its successful initial public offering of...more
In Re PT MNC Investama TBK [2020] SGHC 149, the Singapore High Court provided guidance as to what is sufficient for a foreign company to establish standing to avail itself to the Singapore restructuring regime. Specifically,...more
With effect from 7 February 2020, companies listed on the Mainboard or Catalist of the Singapore Exchange (SGX) need only carry out semi-annual financial reporting unless specific circumstances apply that warrant quarterly...more
The Singapore Exchange (SGX) has amended the Listing Rules to enhance disclosures in relation to various transactions. The transactions affected include the provision of loans, guarantees and other forms of financial...more
The Singapore Exchange (SGX) has amended the Listing Rules with effect from 7 February 2020 to enhance the continuing disclosure requirements. The amendments highlight the need to consider whether information is...more
Singapore Exchange Regulation (SGX RegCo) issued a Consultation Paper on Enhancements to the Regulatory Regime for Property Valuation and Auditors on 16 January 2020....more
With effect from February 7, the Mainboard Rules and Catalist Rules of the Singapore Exchange Securities Trading Limited will be revised to adopt a risk-based approach to quarterly reporting and to enhance the continuous...more
The SGX has amended the voluntary delisting regime. Among other things, exit offers must be both fair and reasonable and the offeror and parties acting in concert with it may not vote. The changes are intended to afford...more
The Singapore Exchange on July 11 announced immediately effective changes to the delisting rules for both the Mainboard Rules and the Catalist Rules in an effort to shift the balance in favor of minority shareholders. ...more
Financial institutions M&A sector trends: stock exchanges/clearing houses — H1 2019 and outlook for H2 2019. CURRENT MARKET - Upward. WE ARE SEEING - Inorganic expansion by larger exchanges: Horizontally (e.g.,...more
The Takeover Code has been amended to provide that where changes in the number of votes of multiple vote shares in a dual class shares company results in a shareholder coming under an obligation to make a general offer for...more
The SGX is proposing various amendments to the voluntary delisting regime. In a separate consultation, it is also proposing removing the power of the Listings Advisory Committee to look into applications not referred to it....more
The Singapore Exchange Regulation has proposed new rules for the delisting process in order to better align the various interests of offerors and shareholders, including by lowering the approval threshold for resolutions to...more
SIC Consulting on the Application of the Takeover Code to Dual Class Shares Companies - The SIC’s consultation proposes that where changes in the number of votes of multiple vote shares in a dual class shares company...more
A new section 309B of the Securities and Futures Act affects all offers made in or into Singapore, whether the issuer is incorporated in or outside Singapore. It requires issuers to classify their capital markets product...more
The Monetary Authority of Singapore (MAS) will require short order disclosure and short position reporting to commence from 1 October 2018. The main impact is the requirement for short position reporting as the Singapore...more