Singapore Exchange - Second Round Of Trading Currency Conversion

On 26 November 1999, MAS Notice 757 was changed to allow non-resident companies to issue shares to raise S$. Non-resident companies are free to decide on the currency in which their shares are to be sold in the primary market as well as in their secondary trading. Pursuant to this rule change, 27 companies successfully converted the trading of their shares to S$ on 20 December 1999. Since then, a number of companies have indicated that they wish to convert their foreign currency-denominated shares to S$. The Singapore Exchange is pleased to announce that arrangements have been put in place to facilitate a second round of trading currency conversion. Companies who wish to convert the trading of their securities to Singapore Dollars should advise the Exchange by 12.00 noon on Friday, 17 March 2000. The Singapore Exchange will on 20 March 2000 announce the names of companies that wish to have their shares converted to S$ quotation as well as the schedule for conversion. Conversion will commence from Monday, 27 March 2000.