SINGAPORE (Nov 19): The Singapore Exchange Regulation Co (SGX RegCo) has proposed several changes to the delisting rules for Singapore companies. Minority shareholders are in favour of the move, as it will better protect their rights and interests. This includes investors in VARD Holdings, for whom the changes are coming too late. VARD’s privatisation on Nov 2 by major shareholder Fincantieri Oil & Gas was done at a “not fair but reasonable” valuation of 25 cents a share.

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