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Singapore Exchange (SGX) today introduces a new webpage on its home website to display a list of foreign companies that have a secondary listing on SGX-Securities Trading (SGX-ST). This will help the investing public and market participants to readily identify listed companies that comply with the listing rules of their home exchanges (primary listing), rather than SGX-ST’s continuing listing requirements.
However, these foreign companies are obliged to :-- release all information and documents in English to SGX-ST at the same time as they inform their home exchanges;
- inform SGX-ST of any additional securities in a class already listed on SGX and the decision of their home exchange, and
- comply with other listing rules as may be applied by SGX-ST from time to time.
Currently, there are 30 foreign companies with a secondary listing on SGX-ST.
Please find attached url for your easy reference :- http://info.sgx.com/weblist.nsf/NewDocName/ST_SecListing
This is the second practical measure to be implemented by SGX following the recent study commissioned by SGX and MAS to review the state of corporate governance practices of SGX-listed companies.
