Search

NEWS
MARKETS & INVESTING | Staff Reporter, Singapore
Published: 25 Aug 10
2148 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.

LATEST MARKETS & INVESTING JOBS »
PRINT ISSUE »

Subscribe Now
What factors are keeping expats rooted in Singapore?

108 views

What factors are keeping expats rooted in Singapore?

327 views

Can Asian private equity outgrow the west?

74 views

MOST READ EXCLUSIVES

Singapore’s 10 most sought-after 40 and under investors

Singapore’s 10 most sought-after 40 and under investors

Check out who made the cut.

by KRISANA GALLEZO
19 Dec 2014 | 37008 views
 

Singapore’s first permanent lifestyle market opens in Bukit Timah

Singapore’s first permanent lifestyle market opens in Bukit Timah

Over 20 brands and labels are gathered together under one roof.

by KRISANA GALLEZO
5 Jan 2015 | 30071 views

Singapore’s top 5 work from home jobs

Singapore’s top 5 work from home jobs

Here are jobs that you can do while sitting on your couch or in your favorite coffee shop.

by KRISANA GALLEZO
11 Dec 2014 | 25304 views
 

Singapore Business Review’s 2014 Class of 40 and under

Singapore Business Review’s 2014 Class of 40 and under

Meet a summa cumlaude graduate who rises from poverty to become JP Morgan’s head of corporate finance.

by KRISANA GALLEZO
12 Jan 2015 | 25010 views

Find out the 10 most expensive districts to rent an HDB flat in Singapore

Find out the 10 most expensive districts to rent an HDB flat in Singapore

Glitzy Bukit Timah is off the list.

by KRISANA GALLEZO
19 Dec 2014 | 21081 views
 

Don’t settle for less: Legendary Hong Kong brings authentic and traditional HK dishes to Singapore

Don’t settle for less: Legendary Hong Kong brings authentic and traditional HK dishes to Singapore

The restaurant’s construction cost over a million dollars.

by KRISANA GALLEZO
3 Nov 2014 | 9118 views

Singapore’s hot new restaurants in December

Singapore’s hot new restaurants in December

Japanese restos take over Singapore’s sizzling dining scene.

by KRISANA GALLEZO
17 Dec 2014 | 7795 views
 

This food hub in Seah Street brings a throwback experience to dining

This food hub in Seah Street brings a throwback experience to dining

It offers an exciting lunch menu which changes every week.

by KRISANA GALLEZO
16 Jan 2015 | 4408 views

Singapore’s first news aggregation app attracts 1 million users in two years

Singapore’s first news aggregation app attracts 1 million users in two years

Stay in the loop with news and lifestyle content from SBR and 600 other publishers.

by KRISANA GALLEZO
10 Dec 2014 | 2691 views
 

Go inside the gorgeous new headquarters of Ingredion in Singapore

Go inside the gorgeous new headquarters of Ingredion in Singapore

Its state-of-the-art kitchen space is not to be missed.

by KRISANA GALLEZO
18 Dec 2014 | 2028 views

This startup created the world’s first bed sensor technology

This startup created the world’s first bed sensor technology

No more patients accidentally falling off hospital beds.

by KRISANA GALLEZO
14 Jan 2015 | 1911 views
 

What Singaporean investors can expect from Okinawa’s development

What Singaporean investors can expect from Okinawa’s development

A 40% tax cut in setting up business is expected to lure investors.

by KRISANA GALLEZO
12 Dec 2014 | 1856 views

Jack Wills opens its first store in Singapore

Jack Wills opens its first store in Singapore

A 'fun' brand that values the Brit vibe. Put your game face on!

by KRISANA GALLEZO
10 Dec 2014 | 1676 views
 

Meet INSEAD’s new chairman of the board

Meet INSEAD’s new chairman of the board

Find out how Andreas Jacobs plans to bring “business as a force for good”.

by KRISANA GALLEZO
14 Jan 2015 | 1434 views

The future of innovation: What’s next after Facebook and Twitter?

The future of innovation: What’s next after Facebook and Twitter?

A video version of Twitter might be under way.

by KRISANA GALLEZO
11 Dec 2014 | 1404 views
 

What it’s like going into business with your significant other

What it’s like going into business with your significant other

A couple who founded an artisanal food outlet, P.Bistro, shares experience.

by KRISANA GALLEZO
9 Jan 2015 | 1345 views

This could be your best pal when no one’s around to help during an emergency

This could be your best pal when no one’s around to help during an emergency

TagBio's ID-Life features accessories with critical info embedded in QR codes.

by KRISANA GALLEZO
16 Dec 2014 | 1253 views
 

Kungfumath wants to revamp boring e-learning portals

Kungfumath wants to revamp boring e-learning portals

“Play with numbers” in its literal sense.

by KRISANA GALLEZO
5 Dec 2014 | 1088 views

SFIC Institute's new training hub overhauls carpenters' career image

SFIC Institute\'s new training hub overhauls carpenters\' career image

It’s the first carpentry training center in Singapore’s furniture industry.

by KRISANA GALLEZO
10 Dec 2014 | 1046 views
 

Inverted Edge gives spotlight to all independent contemporary fashion designers

Inverted Edge gives spotlight to all independent contemporary fashion designers

The homegrown startup has raised US$1.6M total funding in two years.

by KRISANA GALLEZO
3 Nov 2014 | 959 views

FTMSGlobal Academy Singapore launches new weekend MBA

FTMSGlobal Academy Singapore launches new weekend MBA

The course fee is below $20,000.

by KRISANA GALLEZO
8 Jan 2015 | 749 views
 

The heat is on: This office literally gets a bit hot for their green drive

The heat is on: This office literally gets a bit hot for their green drive

Discover how they execute their green initiatives in the office.

by KRISANA GALLEZO
22 Jan 2015 | 743 views

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

This NRI-focused startup also gives migrants monthly feedback from the doctor.

by KRISANA GALLEZO
7 Jan 2015 | 634 views
 

ENVision campaign‘s ‘hard truth’ could make you think twice

ENVision campaign‘s ‘hard truth’ could make you think twice

Singapore might run out of space for trash by 2035 and more.

by KRISANA GALLEZO
15 Dec 2014 | 581 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter