SGX delisting changes will ensure greater balance of power: Analysts

The Singapore Exchange Centre in Shenton Way.
The Singapore Exchange Centre in Shenton Way.PHOTO: ST FILE

The changes to the rules on voluntary delisting announced by the regulatory arm of the Singapore Exchange (SGX RegCo) yesterday will strike a greater balance in the powers held by majority shareholders and those who hold a minority stake in a company, analysts said.

The changes, which take immediate effect, require exit offers to be fair and reasonable, and for the shareholder vote to exclude the offeror and concert parties.

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A version of this article appeared in the print edition of The Straits Times on July 12, 2019, with the headline 'SGX delisting changes will ensure greater balance of power: Analysts'. Print Edition | Subscribe