Stefanie Yuen Thio comments in BT: “Voluntary delisting offer: SGX Regco proposing shift of voting power to minorities”

In a story on the Singapore Exchange Regco’s proposed changes to the voluntary delisting rules published in the Business Times on 10 November 2018, Stefanie Yuen Thio acknowledged that move is a triumph for minority shareholder activism as majority shareholders cannot trample on their rights, but noted bigger concerns. These included the dearth of new listings and the increasing number of privatisations on the SGX, and the possibility of the development of a “ghost market” where companies not doing any significant business are unable to get delisted. Her comments may be found here (Business Times).

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