Section 137 of the SFA requires a substantial shareholder of a listed corporation to notify the listed corporation of a cessation in the substantial shareholder’s interest within two business days after becoming aware of the cessation of interest.

75% of shares are required for voluntary delisting from SGX.

Catalist companies are not affected by Minimum Trading Price (MTP) rule.

Listed companies are placed on watch-list by SGX if they post three straight years of pre-tax losses and have an average daily market capitalisation of less than $40 million over the last 120 days that the stock has been trading.

Watch-list companies need to become profitable within two years or raise their market value above $40 million, failing which they may face delisting from SGX.

Requirements for removal from the watch-list are as follow:

-Achieving pre-tax profit for the most recent completed financial year, and
-Average daily market capitalisation of $40 million or more over the last 120 market days.

Updated on 28 March 2019