SGX: No basis to suspend voluntary delistings amid consultation

Singapore

WITH the proposal to shift voting power on voluntary delistings to minority shareholders, will some companies try to beat the deadline?

Corporate governance advocate Mak Yuen Teen of the National University of Singapore Business School fears so - and has suggested that the Singapore Exchange RegCo suspend all such delistings until the proposal comes into force. The change is currently undergoing public consultation.

But the SGX has said "no" - for now.

Professor Mak told The Business Times: "…