Author: Mak Yuen Teen

WE refer to the commentary, “Responses to queries: how market reacts” (BT, Aug 22), by Mak Yuen Teen, Ho Yew Kee and Eugene Kwek. We are heartened that the writers support Singapore Exchange’s proposal to establish the listings advisory and listings disciplinary committees to further strengthen our listings and enforcement regime. We would also like to take the opportunity to respond to the observations made in the commentary.

I REFER to the report “Keppel leads the pack in governance and transparency” (BT, July 25) in which I was quoted as posing a question to a panel discussion at the CPA Australia forum, where the results of the latest Governance and Transparency Index (GTI) were presented.

ON July 1, SGX issued a query to Xpress Holdings for unusual volume movements in the company’s shares. The number of shares traded that day was 184 million, compared to the usual daily trading volume of a few million shares.