Author: Mak Yuen Teen

I REFER to the letter, “Where SGX and LSE listings differ” (BT, April 4), from Mohammed Nasser Ismail, the head of Issuer Regulation at the Singapore Exchange (SGX), in response to my earlier letter, “Jardine group listing changes raise questions” (BT, April 1).

WE refer to Mak Yuen Teen’s letter “Jardine group listing changes raise questions” (BT, April 1, 2014).

ON March 6, five companies in the Jardine group announced that they are proposing to downgrade their UK listing from a premium listing to a standard listing. These five companies – Dairy Farm International Holdings, Hongkong Land Holdings, Jardine Matheson Holdings, Jardine Strategic Holdings and Mandarin Oriental International – are secondary listings on the Singapore Exchange.

LAST week was not a good week for the regulatory side of SGX. On the one hand, it was criticised for not querying Olam, while on the other, it was told that it was too easy on the trigger for “Trade with Caution” (TWC) alerts.

THE commentary, “Why no SGX query on Olam price surge? (BT, March 15), mentions the perception that SGX may be less willing to query government-linked companies (GLCs).