SGX

SGX: Is consulting the public on details of the minimum trading price requirement for Mainboard listed stocks and proposed changes to the existing watch-list (introduction of minimum price to be a criterion). To be announced in Mar’15, Mainboard listed companies would have a minimum trading price threshold of 20¢, and have 12 months to reach the threshold. By March’16, companies whose 6 month VWAP which are too low will be placed on a watch-list, and have 3 years to resolve the issue or face delisting. To help with the transition, SGX will waive its share-consolidation fees until 2017 for companies that need to consolidate their shares to meet the new requirements. Link to BT article: http://www.businesstimes.com.sg/premium/top-stories/sgx-details-plans-minimum-share-price-20140918