Singapore Exchange Regulation (SGX RegCo)

MindChamps shares sink another 5.2% after saying 'not aware' of any reason for unusual trading activity

SINGAPORE (Dec 10): Shares in MindChamps PreSchool fell as much as 7.2% on Tuesday, before recovering slightly to close 5.2% lower, or down 2.5 cents, at 46 cents.

This comes despite the company saying it is “not aware” of any information that might explain the “unusual trading activity” in the counter on Dec 9.

Singapore Exchange Regulation (SGX RegCo) at 4.21pm on Monday had queried MindChamps on unusual price movements in its shares, after the counter fell as much as 24.8%.

MindChamps triggers SGX query as shares plunge as much as 25%

SINGAPORE (Dec 9): Singapore Exchange Regulation (SGX RegCo) has queried MindChamps PreSchool on unusual price movements in its shares, after the counter fell as much as 24.8% on Dec 9.

Shares in the enrichment programmes provider for children opened 3.0% higher at 52 cents on Monday, from its previous close at 50.5 cents on Dec 6.

However, its share price plunged to 38 cents at around 4pm, before climbing back to 48 cents just half an hour later.

Shares in MindChamps closed down 4.0%, or 2 cents lower, at 48.5 cents on Dec 9.

SGX RegCo announces list of 95 companies on Fast Track programme for prioritised response

SINGAPORE (Nov 26): A total of 95 Singapore-listed companies with high corporate governance standards and good compliance track records have been place on the SGX Fast Track list, Singapore Exchange Regulation (SGX RegCo) announced Tuesday.

This allows these companies to enjoy prioritised response on selected corporate action submissions, including circulars, requests for waiver and applications for share issuance.

SGX lauded for targeted approach to market regulation, scoops Regulation Asia Exchange of the Year award for second straight year

SINGAPORE (Nov 18): Singapore Exchange (SGX) has been named “Exchange of the Year” in the Regulation Asia Awards for Excellence for the second consecutive year.

The award recognises SGX for its targeted approach to market regulation, and for demonstrating a commitment to moving to a “community” approach.

The judging panel noted SGX’s willingness to work with the industry to raise standards across the board.

SGX's expectations of REITs at IPO stage and when negative media reports surface

SINGAPORE (Nov 15): When REITs are at the IPO stage or are newly-listed, they are operating for the first time under the keen scrutiny of the market including the media and regulators. It is therefore important that we – as frontline market regulator – clarify certain key issues and spell out our expectations of such a REIT.

Factors considered when evaluating suitability for listing

In addition to other requirements in the Listing Rules, some of the factors that SGX RegCo considers when evaluating the suitability for listing of a REIT are as follows:

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SGX's expectations of REITs at IPO stage and when negative media reports surface

SINGAPORE (Nov 15): When REITs are at the IPO stage or are newly-listed, they are operating for the first time under the keen scrutiny of the market including the media and regulators. It is therefore important that we – as frontline market regulator – clarify certain key issues and spell out our expectations of such a REIT.

Factors considered when evaluating suitability for listing

In addition to other requirements in the Listing Rules, some of the factors that SGX RegCo considers when evaluating the suitability for listing of a REIT are as follows:

Mirach Energy triggers SGX query after shares surge 39%

SINGAPORE (Oct 18): Mainboard-listed Mirach Energy has triggered a query by Singapore Exchange Regulation (SGX RegCo), after its share price surged 38.9% within the span of half an hour on Friday afternoon.

This comes less than a month after the market regulator flagged suspicious trading activities in the counter, and urged investors to exercise caution. 

SGX RegCo strengthens cooperation with professional valuers

SINGAPORE (Oct 15): Singapore Exchange Regulation (SGX RegCo) has entered into an MOU with Singapore Institute of Surveyors and Valuers (SISV) to enhance standards of valuations of real estate and land.

This issue of property and business valuation has become pertinent as more listed companies do deals that need to be accorded valuations, which, by its nature, involves certain elements of subjectivity by the valuers engaged.

Hotel Properties triggers SGX query as shares jump as much as 7.6%

SINGAPORE (Oct 8): Hotel Properties (HPL) has triggered a query from Singapore Exchange Regulation (SGX RegCo), after its share price surged as much as 7.6% on heavy trading Tuesday morning.

As at 11.48am, shares in HPL are trading 22 cents higher, or up 6.2%, at $3.77. The counter has climbed 10.9% since closing at a 52-week low of $3.40 on Sept 5.

The market regulator at 10.53am asked HPL to declare whether the company was aware of any information not previously announced that might explain the “unusual price movements” in its shares.

DLF says SPA offer price 'reasonable' in response to SGX RegCo query

SINGAPORE (Sept 27): In response to queries from Singapore Exchange Regulation (SGX RegCo), engineering firm DLF Holdings said founder Fan Chee Seng believes the offer price of 8.1 cents per share he received in a sale and purchase agreement (SPA) was “reasonable”.

Under the Sept 20 agreement, QRC, a consultancy solely owned by one Enomoto Hiroyuki, had acquired a 57.16% stake in the company for $5.6 million, or 8.1 cents per share. This comprised 45 million shares from DLF's former chief executive Wong Ming Kwong and 24.2 million shares from Fan.

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