In a news article published by the Business Times on 19 July 2019 on the Singapore Exchange’s proposal to scrap its rule on minimum trading price two years after the rule was effected, Stefanie Yuen Thio said that the MTP rule is a “blunt tool” aimed at discouraging market manipulation and rigging. But it is no longer necessary with new technology and resources now available to improve market survillance and analysis, she argued.

“The MTP was an arbitrary number but it had very real implications for listed companies whose market capitalisation and trading price traded below the thresholds – they suffered reputationally and had greater challenges getting support from lending banks. Removing the MTP ball and chain will allow them to focus on getting their businesses back on track.”

https://www.businesstimes.com.sg/companies-markets/sgx-to-propose-scrapping-rule-on-minimum-trading-price-sources