Listing And Trading Of Non-Resident Companies' Shares In Singapore Dollars

On 26 November 1999, the Singapore Exchange announced that arrangements have been made to facilitate the conversion of foreign currency-denominated shares, whether listed on a primary or secondary basis, to S$. Companies that wish to avail themselves of such conversion should inform the Exchange by 12.00 noon on Friday, 10 December 1999. Henceforth, non-resident companies are free to decide on the currency in which their shares are to be sold in the primary market as well as their secondary trading. Such greater flexibility will further enhance the Exchange's competitiveness in attracting listings.