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Spate of delistings from SGX due to low liquidity and poor valuations, stakeholders say
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Some companies also cited poor market conditions as well as the high costs of staying listed as reasons to delist.
PHOTO: BT FILE
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SINGAPORE - Amid recession fears and liquidity drying up as interest rates rise, the local bourse has seen a spate of offers to privatise and delist several publicly traded companies, with three taking place just this week.
The delistings come at a time when trading volumes on the Singapore Exchange (SGX) have fallen, and experts said more are likely to follow.
