SGX RegCo Seeks Feedback on Listing Rule Changes to Enhance Restructuring and Trading Resumption Processes for SGX ListCos

15 March 2024

The Singapore Exchange Regulation (“SGX RegCo“) is seeking comments on its proposed changes to the SGX Listing Rules (Mainboard) and SGX Listing Rules (Catalist) to clarify the obligations of issuers listed on SGX-ST (“issuers“) undergoing the corporate restructuring process under Insolvency, Restructuring and Dissolution Act 2018 of Singapore, and to streamline the application process for trading resumption by suspended issuers. If implemented, the changes will enable issuers to conduct restructuring more efficiently, while reducing the regulatory burden in the restructuring process. The public consultation closes on 22 March 2024.

This Update provides a summary of SGX RegCo’s key proposals to improve the restructuring and trading resumption frameworks.

For more information, click here to read the full Legal Update.

CONTACTS

Deputy Head, Corporate and Transactional Group
Head, Capital Markets

+65 6232 0724

E evelyn.wee@rajahtann.com

Singapore, South Asia,

Deputy Head, Capital Markets

+65 6232 0191

E mui.hui.tan@rajahtann.com

Singapore,

Deputy Head, Capital Markets

+65 6232 0714

E chi.tern.hoon@rajahtann.com

Singapore, South Asia,

Head, Restructuring & Insolvency

+65 6232 0436

E kwan.kiat.sim@rajahtann.com

Brunei, Singapore, South Asia,

Deputy Head, Restructuring & Insolvency

+65 6232 0590

E sheila.ng@rajahtann.com

Singapore, South Asia,

Deputy Head, Restructuring & Insolvency

+65 6232 0419

E beng.chye.chua@rajahtann.com

Singapore,

Country

Singapore

EXPERTISE

Share

RELATED VIEWPOINT

Bills Introduced in Parliament to Implement BEPS 2.0 Pillar Two, Amend Income Tax Act

17 Sep 2024

Two Public Consultations on Requirements on Licensing, Food Import and Export, Food Marketing, Health Promotion in Proposed Food Safety and Security Bill

12 Sep 2024

Public Consultation on Protection from Scams Bill – Police to be Empowered to Order Banks to Restrict Transactions of Scam Targets

12 Sep 2024

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Singapore LLP. All rights reserved. Rajah & Tann Singapore LLP (UEN T08LL0005E) is registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A) with limited liability.

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Singapore LLP. All rights reserved. Rajah & Tann Singapore LLP (UEN T08LL0005E) is registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A) with limited liability.