SINGAPORE (July 15): Singapore Exchange serves the needs of listed companies by providing a public platform for fundraising activities and information dissemination to their shareholders. Where companies wish to privatise, they may apply to SGX to be delisted (Voluntary Delisting).
A delisting reduces the exit channels for shareholders who remain invested in what is now a private company. As such, companies implementing a Voluntary Delisting are subject to certain requirements to safeguard investor interest.
The SGX Listing Rules stipulate that SGX may agree to a Voluntary Delisting if:
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