21 June 2012
Mr Yap Koon Hong
Forum Editor
The Straits Times
Dear Mr Yap
SGX Rules Remain of High Standards
We wish to point out the inaccuracies in today’s Straits Times article, SGX to ease listing rules for energy, metals firms”.
SGX has introduced new listing rules for exploration companies in mineral, oil and gas (MOG) and has not eased its listing rules. The new MOG rules are additional to current listing standards, and are equivalent to standards internationally. For instance, the proposed rules include a higher market capitalisation of $300 million, which ST has pointed out in its article, as compared to the existing $80 million.
SGX’s current listing admission and requirements remain in place.
We would appreciate it if the Straits Times could publish our reply. Please feel free to contact me or my colleague from Corporate Communications, Joan Lew, at Tel: 6236 8568 if you need further clarification.
Thank you.
Mohamed Nasser Ismail
Head of Issuer Regulation
