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01-08-2014, 06:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Aug 1 (Reuters) - Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday.
From March 2015, Singapore will have a minimum trading price of S$0.20 ($0.16) for main board-listed issuers and a transition period of 12 months.
The new rules will impact about 220 companies listed on SGX, but regulators expect most companies to comply through "share consolidation" during the transition period, after which there will be a grace period of three years.
http://www.reuters.com/article/2014/...0Q73E720140801 (http://www.reuters.com/article/2014/08/01/singapore-stocks-reforms-idUSL4N0Q73E720140801)
Thank you Reuters.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?187027-Breaking-SGX-Mainboard-Penny-Stocks-Reform&goto=newpost).
Aug 1 (Reuters) - Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday.
From March 2015, Singapore will have a minimum trading price of S$0.20 ($0.16) for main board-listed issuers and a transition period of 12 months.
The new rules will impact about 220 companies listed on SGX, but regulators expect most companies to comply through "share consolidation" during the transition period, after which there will be a grace period of three years.
http://www.reuters.com/article/2014/...0Q73E720140801 (http://www.reuters.com/article/2014/08/01/singapore-stocks-reforms-idUSL4N0Q73E720140801)
Thank you Reuters.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?187027-Breaking-SGX-Mainboard-Penny-Stocks-Reform&goto=newpost).