Singapore Exchange Regulation (“SGX RegCo“) has introduced a directive requiring suspended issuers to resolve substantive underlying concerns within three years, reinforcing its commitment to minimising trading suspensions and providing greater certainty on delisting timelines.
The directive follows SGX RegCo’s October 2025 changes narrowing the circumstances in which an issuer may be kept suspended. SGX RegCo’s data indicates that issuers with a high likelihood of a positive outcome can achieve substantive resolution such as – such as reaching settlement terms with creditors and completing operational restructuring – within the three-year window.
SGX RegCo will continue to scrutinise trading resumption proposals, assessing effort, milestone progress, certainty of plans and shareholder interests. Issuers already suspended beyond three years will be required to demonstrate substantive progress and present concrete plans to resume trading. Where SGX RegCo considers that plans are not progressing with sufficient urgency, it will take steps to delist those issuers.
For more information, please refer to the media release titled “SGX RegCo sets limit to cure period for suspended companies”.
Disclaimer
Rajah & Tann Asia is a network of member firms with local legal practices in Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Our Asian network also includes our regional office in China as well as regional desks focused on Brunei, Japan and South Asia. Member firms are independently constituted and regulated in accordance with relevant local requirements.
The contents of this publication are owned by Rajah & Tann Asia together with each of its member firms and are subject to all relevant protection (including but not limited to copyright protection) under the laws of each of the countries where the member firm operates and, through international treaties, other countries. No part of this publication may be reproduced, licensed, sold, published, transmitted, modified, adapted, publicly displayed, broadcast (including storage in any medium by electronic means whether or not transiently for any purpose save as permitted herein) without the prior written permission of Rajah & Tann Asia or its respective member firms.
Please note also that whilst the information in this publication is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as legal advice or a substitute for specific professional advice for any particular course of action as such information may not suit your specific business and operational requirements. You should seek legal advice for your specific situation. In addition, the information in this publication does not create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on the information in this publication.
