Energy, metal listing rules meet international standards: SGX
The bourse defended itself after a Straits Times article suggested an easing of listing rules for exploration firms.
Rather than amending existing listing rules and making them more lenient, SGX said it instead added another layer of listing standards on top of existing ones, which make it in fact more stringent to prospective listers.
"SGX has introduced new listing rules for exploration companies in mineral, oil and gas (MOG) and has not eased its listing rules," said Mohamed Nasser Ismail, Head of Issuer Regulation, SGX.
"The new MOG rules are additional to current listing standards, and are equivalent to standards internationally. For instance, the proposed rules include a higher market capitalisation of $300 million, which ST has pointed out in its article, as compared to the existing $80 million," he said, noting that SGX’s current listing admission and requirements remain in place.