Author: Mak Yuen Teen

IT is heartening to learn that the regulators are making directors more accountable by increasing the sanctions for directors who breach basic statutory requirements (“Stiffer penalties for directors in tax, AGM cases”, BT, April 15).

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.