SGX Announces Change To Listings Advisory Committee

Singapore Exchange (“SGX”) announced that Mr Lim Chin Hu will cease to be a member of its Listings Advisory Committee (“LAC”) with effect from 20 September 2017.  Mr Lim will be standing for election to be appointed as a non-executive and non-independent director of SGX, at SGX’s Eighteenth Annual General Meeting on 21 September 2017. 

Mr Lim is the Managing Partner of Stream Global Pte Ltd, a venture fund which invests in emerging enterprises in the infocommunications technology and interactive media sectors.  He also serves on the boards of NASDAQ-listed Kulicke & Soffa Industries, Inc. and various non-listed companies.

The LAC, which was established on 7 October 2015, enables SGX to draw upon the views of a panel of independent and experienced market professionals who provide advice on SGX’s listing policies, as well as listing applications to the Mainboard which meet certain referral criteria. The criteria for the referral of listing applications include where novel or unprecedented issues are involved, specialist expertise is required, or matters of public interest are involved. Last year, the LAC advised on SGX’s proposed listing framework for dual class share structures.  A list of the members of the LAC with effect from 20 September 2017 is set out in the Appendix.   The members collectively have market, legal, accounting and corporate finance experience and also comprise representatives of the investment community.

The LAC Chairman, Mr Gautam Banerjee, who is also chairman of Blackstone Singapore, commented:  “The LAC has provided advice on various listing applications and listing policies involving complex analysis. I am grateful to Mr Lim for his strong support and valuable insight on the matters which the LAC advised upon.  The LAC and I wish him well in his future pursuits.”

Appendix

SGX Listings Advisory Committee as at 20 September 2017