SGX may need to improve its monitoring of issuers’ compliance and enforcement action should be taken for issuers that continue to flout the rules despite being informed about the regulations.
Read MoreYuuZoo COO’s long letter on my October 6 article in Business Times totally ignores much of the crux of that article which was about its response to SGX queries regarding its (restated) Q1 2017 and Q2 2017 results and the incorporation of YuuLog Europe.
Read MoreThe company continues to be queried by the Singapore Exchange for its disclosures and its responses to these queries have only raised more questions with no substantive answers in sight.
Read MoreIn my last article, I talked about how overseas companies listed on SGX can be classified into primary and secondary listings, and how the primary listings can be further classified into those that are incorporated overseas and those that are incorporated in Singapore. I also discussed the regulatory framework for secondary listings.
Read MoreAccording to the monthly market statistics report of SGX, there are 753 issuers listed on SGX as of August 2017. It is useful for investors to understand the regulatory framework that governs different issuers. Even though our regulators are hesitant about having a different regulatory regime for Singapore and overseas/foreign listings, in actual fact, separate regulatory regimes are already operating as I will explain in this and the following articles.
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