The Singapore Exchange Regulation (“SGX RegCo“) is seeking comments on its proposed changes to the SGX Listing Rules (Mainboard) and SGX Listing Rules (Catalist) to clarify the obligations of issuers listed on SGX-ST (“issuers“) undergoing the corporate restructuring process under Insolvency, Restructuring and Dissolution Act 2018 of Singapore, and to streamline the application process for trading resumption by suspended issuers. If implemented, the changes will enable issuers to conduct restructuring more efficiently, while reducing the regulatory burden in the restructuring process. The public consultation closes on 22 March 2024.
This Update provides a summary of SGX RegCo’s key proposals to improve the restructuring and trading resumption frameworks.
For more information, click here to read the full Legal Update.
