Author: Mak Yuen Teen

The less stringent listing rules on SGX’s second board adversely affect investor protection and the quality of the issuers, which could in turn harm its reputation.

If a company cannot turn itself around after 36 months (plus possibly more time since SGX does grant extensions), is allowing them to transfer to Catalist the answer?

Perhaps SGX would be as curious as I am about whether the reasons stated are accurate?

More discussion about investor protection and minority shareholder rights is needed.