Singapore Exchange (”SGX”) wishes to inform that it has removed Omega Capital Limited (“Omega”) from its list of accredited issue managers, after being notified by Omega that it has not renewed its Capital Markets Services licence issued by the Monetary Authority of Singapore.
Should Omega decide to resume making submissions to the Exchange and act as an issue manager in the future, it will need to satisfy Rule 111 of the SGX-ST Listing Manual in the discharge of its professional duties.
The Exchange had announced on 23 July 2008 that it was not satisfied with the standards of Omega as an issue manager and financial adviser. Omega was required to appoint an independent professional firm to review and recommend improvements to Omega’s internal processes; raise Omega’s due diligence standards and build up Omega’s expertise and resources. Omega was informed that it should fully meet the standards expected of our market should it decide to re-commence submitting applications to the Exchange.
