Search

NEWS
MARKETS & INVESTING | Staff Reporter, Singapore
Published: 25 Aug 10
2119 views


Central Depository to assist shareholders of delisted companies

Talks between MAS and ACRA regarding possible changes to the law that will help shareholders obtain their share certificates are on-going.

In an announcement on Tuesday, Singapore Exchange (SGX) said the Central Depository (CDP), which serves as the depository for the shares of its listed companies, will be assisting the shareholders in their procurement of share certificates/ shareholding record documents for their shares in delisted companies under financial difficulties.

The move is in relation to feedbacks received by SGX and CDP that shareholders of some delisted companies have encountered difficulty in obtaining their share certificates.

SGX said to assist shareholders of these delisted companies which are in their transition to unlisted status, it has commenced discussions with the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) on changes to the law that will help shareholders to obtain their share certificates on a more timely basis.

Meanwhile, the CDP has been in contact with share registrars, liquidators and directors of the companies concerned (as the case may be) to seek quick issuance of share certificates.

SGX has urged delisting companies to play their part as CDP is said to be doing all it can within its powers. 



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

CO-WRITTEN ARTICLES & SPONSOR CONTENT ››

The leading Philippine residential developer unveils its most upscale township yet.
153 views

Find out what it has impressively accomplished.
332 views

LATEST MARKETS & INVESTING JOBS »
PRINT ISSUE »

Subscribe Now
Trains, planes, automobiles and drones

161 views

As goes Hong Kong, so goes Singapore?

1422 views

Office property shows no signs of a slowdown

395 views

MOST READ EXCLUSIVES

Singapore’s 20 most influential 40 and under lawyers

Singapore’s 20 most influential 40 and under lawyers

Check out who made our cut.

by KRISANA GALLEZO
15 Aug 2014 | 166162 views
 

13 most exclusive credit cards in Singapore

13 most exclusive credit cards in Singapore

Some of which you’ve probably not heard of.

by KRISANA GALLEZO
27 Aug 2014 | 92815 views

11 craziest credit card purchases in Singapore

11 craziest credit card purchases in Singapore

Find out if each is worth the outlay.

by KRISANA GALLEZO
22 Sep 2014 | 39064 views
 

Singapore’s 7 hot new restaurants in September

Singapore’s 7 hot new restaurants in September

Have you checked out a very secretive cafe at 48 ¾ Niven Road?

by KRISANA GALLEZO
6 Oct 2014 | 22002 views

Singapore's 8 hot new restaurants in July

Singapore\'s 8 hot new restaurants in July

More Singapore openings from famous restaurants in Asia.

by KRISANA GALLEZO
4 Aug 2014 | 21392 views
 

20 most preferred hotels of Singapore travelers in Asia

20 most preferred hotels of Singapore travelers in Asia

Hotels in Thailand dominate the list.

by KRISANA GALLEZO
12 Aug 2014 | 20852 views

Singapore’s 8 hotels coming your way next year

Singapore’s 8 hotels coming your way next year

A total of 3,458 hotel rooms will soon be available.

by KRISANA GALLEZO
8 Sep 2014 | 19464 views
 

Singapore’s 8 hot new restaurants in August

Singapore’s 8 hot new restaurants in August

Get a taste of an aromatic broken rice dish without MSG.

by KRISANA GALLEZO
4 Sep 2014 | 11260 views

Have you been to The Providore Warehouse yet?

Have you been to The Providore Warehouse yet?

Check out some photos inside.

by KRISANA GALLEZO
1 Sep 2014 | 10300 views
 

Check out General Motors’ new HQ in Singapore

Check out General Motors’ new HQ in Singapore

A ‘hot desks’ rule is implemented in the new office.

by KRISANA GALLEZO
3 Oct 2014 | 9991 views

Awesome workplace at 501: How's having a meeting while cuddling a teddy bear?

Awesome workplace at 501: How\'s having a meeting while cuddling a teddy bear?

Also check artistically designed in-house locations for video shoots.

by KRISANA GALLEZO
6 Aug 2014 | 9811 views
 

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

The new outlet’s construction cost more than half a million dollars.

by KRISANA GALLEZO
11 Sep 2014 | 5415 views

5 craziest things you can't imagine founders would do to make their startup successful

5 craziest things you can\'t imagine founders would do to make their startup successful

Will you jump out of the plane flying at over 15K ft  just to catch a potential client?

by KRISANA GALLEZO
3 Sep 2014 | 5210 views
 

Three best buddies in their 30s set up 6 Prawns and a Beer

Three best buddies in their 30s set up 6 Prawns and a Beer

Here’s a new food hub at Bukit Timah to enjoy a well-loved seafood with beer.

by KRISANA GALLEZO
12 Aug 2014 | 4375 views

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

10 to 15 more outlets coming over the next 5 years.

by KRISANA GALLEZO
28 Aug 2014 | 4315 views
 

Get ready to work and play at Spotify’s regional office

Get ready to work and play at Spotify’s regional office

All the furniture except the bean bags were imported from Sweden.

by KRISANA GALLEZO
23 Sep 2014 | 4283 views

Opera Estate welcomes a little bar simply called ‘Slake’

Opera Estate welcomes a little bar simply called ‘Slake’

It wants to be your living/dining room outside of home.

by KRISANA GALLEZO
25 Sep 2014 | 3609 views
 

These NUS students boldly suggest removal of Malaysian Airlines' CEO to survive

These NUS students boldly suggest removal of Malaysian Airlines\' CEO to survive

That's just one part of the strategy.

by KRISANA GALLEZO
16 Sep 2014 | 2974 views

No boys allowed: Here’s a coworking space designed for women only

No boys allowed: Here’s a coworking space designed for women only

The office space can be transformed to a large event venue for social nights.

by KRISANA GALLEZO
14 Aug 2014 | 2969 views
 

Haji Lane welcomes a hippy motorcycle cafe

Haji Lane welcomes a hippy motorcycle cafe

It serves all-day brunches with motorcycle merchandise up for grabs.

by KRISANA GALLEZO
28 Jul 2014 | 2475 views

Will you take up the challenge to live on $5 a day and share the experience?

Will you take up the challenge to live on $5 a day and share the experience?

This campaign already generated over 8,000 followers on Facebook.

by KRISANA GALLEZO
23 Sep 2014 | 2465 views
 

Could this be the most intelligent phonebook app yet?

Could this be the most intelligent phonebook app yet?

It’s self-updating and removes duplicates for worry-free contacts storage.

by KRISANA GALLEZO
29 Sep 2014 | 2457 views

Arete Culture opens first store in Lam Soon Building

Arete Culture opens first store in Lam Soon Building

It's a one-stop shop for your quirky interior decors.

by KRISANA GALLEZO
24 Sep 2014 | 2441 views
 

Worry about your loved ones’ whereabouts no more

Worry about your loved ones’ whereabouts no more

Folr introduces a real-time geo-location tracking mobile app that also details where they were.

by KRISANA GALLEZO
5 Sep 2014 | 2430 views

Have money but don’t know what to do? Call DrWealth

Have money but don’t know what to do? Call DrWealth

It creates Asia’s first online financial planning platform for the masses.

by KRISANA GALLEZO
12 Aug 2014 | 2402 views
 

Orchard Gateway welcomes the second outlet of Outback Steakhouse

Orchard Gateway welcomes the second outlet of Outback Steakhouse

The store construction costs US$1.5million.

by KRISANA GALLEZO
21 Aug 2014 | 1865 views

Noël Caleb Concept Store opens September 29

Noël Caleb Concept Store opens September 29

It targets women wanting to wear designs not found anywhere in the world.

by KRISANA GALLEZO
10 Sep 2014 | 1725 views
 

Check out the colorful AkzoNobel House designed through Dulux and automotive paints

Check out the colorful AkzoNobel House designed through Dulux and automotive paints

Its color and vibrance is inspired by ‘architecturally interesting’ Arab Street.

by KRISANA GALLEZO
28 Aug 2014 | 1404 views

23-year-old designs aircraft seat on actual 3D scanning data of human body

23-year-old designs aircraft seat on actual 3D scanning data of human body

Economy class will never be the same again.

by KRISANA GALLEZO
28 Jul 2014 | 1149 views
 

Take a sneak peek at Manchester Business School's new Singapore centre

Take a sneak peek at Manchester Business School\'s new Singapore centre

Check out its fabulous interior design with touch of purple.

by KRISANA GALLEZO
30 Jul 2014 | 1125 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter