SGX takes a hit with listings lost to privatisation

24 firms have left this year; 728 securities listed as of last month, down from 750 in 2017

The number of listed securities has dropped to 728 as of last month, from 750 in 2017 and a peak of 782 in 2010, according to SGX data.
The number of listed securities has dropped to 728 as of last month, from 750 in 2017 and a peak of 782 in 2010, according to SGX data.ST ILLUSTRATION: CEL GULAPA

Yet another company is set to leave the Singapore Exchange (SGX), which has struggled in recent years with a dwindling number of listed securities.

Chinese developer Yanlord Land Group announced its plans this week to delist United Engineers (UE) as its stake in the Singapore company has edged closer to the free-float threshold.

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A version of this article appeared in the print edition of The Straits Times on December 18, 2019, with the headline 'SGX takes a hit with listings lost to privatisation'. Subscribe