SGX

SGX: The regulatory overhaul of the Singapore investment landscape will continue in 2015 with significant changes aimed at attracting listings, improving corporate governance and raising market quality. The most immediate change will take effect on Jan 19, namely, the introduction of board lots of 100 shares compared to the current 1,000, aimed at improving market liquidity as blue chips and index component stocks become more accessible to retail investors. Under the proposed list of changes, Mainboard-listed stocks are required to have a minimum trading price of $0.20, in an attempt to raise the quality of listing, as well as curb speculation and market manipulation. The change is target for Mar 2016 following a 12-month transition period. According to market watchers, the change may potentially cause an increase in M&A activities and share consolidation exercises.