The Practice Note uses a case study, developed based on past cases and market comments and feedback on takeovers, to illustrate the principles on how a listed company should act in circumstances so as to comply with the listing rules on disclosures. It is not specific to any single case.
Ms Yeo Lian Sim, Executive Vice President and Head of Risk Management and Regulation at SGX, said, "The new Practice Note reinforces the importance of timely disclosure of material information. As Singapore's capital market continues to develop, more sophisticated types of mergers and takeovers can be expected. As such, educational efforts like this contribute to maintaining a fair and transparent marketplace for all our players."
