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.
Read MoreLAST 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.
Read MoreTHE 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).
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IN 2008, The Business Times published my letter arguing for a review of the regulatory framework of our securities markets and that as part of this review, “we should closely examine the current approach to dealing with the conflicts between Singapore Exchange’s commercial and regulatory roles” (“Thoughts on SGX’s regulatory stance”, BT, Dec 23, 2008).
Read MoreON Sept 14, 2011, the Singapore Exchange (SGX) introduced amendments to listing rules to strengthen corporate governance practices and to improve disclosure.
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