To listing manual the singapore exchange ltd sgx recently issued a consultation paper to seek public feedback on changes that it is proposing to the sgx listing manual. Chapter 9 of the listing rules aims to guard against the risk that interested persons could influence the issuer, its subsidiaries or associated. Chapter 9 interested person transactions rulebook sgx rulebook. Sgxst listing manual amendments effective 10 august 2012. The board of directors the board of ausgroup limited the company or group would like to respond to the query from the singapore exchange securities trading limited the sgx st regarding the fy2018 annual report. Ipt the companys immediate holding company, far east organization pte.
Chapter 2 admission and registration of trading members, chief executive officers and trading representatives. Chapter 9 of the listing manual requires an issuer to make an immediate announcement of any interested person transaction that is or any ipt which when aggregated with other transactions entered into with the same interested person is, of a value equal to, or more than, 3% of the groups latest audited net tangible assets. Chapter 7 continuing obligations o part i scope of chapter 701 this chapter sets out continuing requirements which an issuer is required to observe once admitted to the official list. The estate is therefore a controlling shareholder of the company. Requirements for the listing of global depository receipts are also set out in part xi of this chapter.
Mar 25, 2020 this article highlights some of the notable changes to chapter 9 of the listing rules with respect to interested person transactions ipts. The companys armc has confi rmed that the methods and procedures for determining the transaction process have not changed since the last adoption of the shareholders mandate on 29 april 2019 in respect of transaction described in section 2. Sale of properties pursuant to rule 9102 of chapter 9 of the listing manual announcement reference sg180629othrrdn4 submitted by co. The listing rules have been amended to address the sgx sts concern that issuers may attempt to circumvent the listing rules through ingenious methods. The rulebooks are often updated and revised to keep pace with market developments. Chapter 10 part c r703 rule 703 listing manual once the deal, eg to buy patents or to buy lsk shares, is certain, then there may be a need to make the necessary disclosure.
Sgx rulebooks mainboard rules catalist rules sgxst rules cdp clearing rules cdp settlement rules dvp rules entire rulebook has been. Additional guidelines for the listing of property investment and property development companies are set out in part vii of this chapter. Specific disclosure requirements also apply in relation to interested person transactions under chapter 9 of the listing manual and acquisitions and realisations under chapter 10 of the listing manual. November 2009, sgx st had confirmed to the company on 26 february 2010 that for the purposes of chapter 9 of the listing manual, the stock exchange of thailand is an approved exchange i. Particulars of the ipt mandate were set out in appendix 1 to the letter to. Name tan ching chek designation company secretary description please provide a detailed description of the event in the box below please refer to the attachment. Sgx rulebooks mainboard rules catalist rules definitions and interpretation chapter 1 introduction chapter 2 sponsors chapter 3 disciplinary and. Response to sgx query in fy2018 annual report ausgroup. Chapter 3 disciplinary and appeals procedures, and enforcement powers of the exchange.
Interested person transactions policy investor relations best. Sgx st governs transactions by a listed company, as well as transactions by its. Aday on which the sgx st is open for trading in securities. Chapter 8 changes in capital interested person transactions chapter 10 acquisitions and realisations chapter 11 takeovers. Part iv of chapter 8, or the issue of other securities of a class that is already listed. Jan 31, 2018 chapter 9 of the listing rules deals with obligations in respect of ipts. Sgx will have regard to the objective of chapter 9 of the listing rules and the economic and commercial substance of the ipts, instead of legal form and technicality, in exercising this power. A person who a holds directly or indirectly 15% or more of the total voting rights in the company unless the sgx st determines that a person is not a. Proposed changes to the sgx framework for secondary listings. The diagram below shows the relationship between the rulebooks and the activities undertaken by sgx. Listing manual the provisions of sections a and b of this manual excluding the best practices guide, the code and the practice notes as from time to time amended, modified or supplemented main board listing rules the sgx st listing rules for the sgx main board. Get forms, explanatory notes, checklists and other tools here that guide or assist issuers in the corporate action submissions to sgx regco.
The latest practicable date prior to the printing of this circular, being 11 august 2005. Sgx rulebooks catalist rules chapter 9 interested person transactions. Lr2101aii to clarify that shares under moratorium is excluded from the public float. Sgxst listing manual amendments effective 29 september 2011. The company sets out below its response to the query. For instance, the sgx st may at any time grant a trading halt or suspend trading of the listed securities of an issuer at the request of the issuer.
The objective of chapter 9 as stated in rule 901 of the listing manual is to. Amendments to the listing manual enhanced disclosure. Learn more about sgx regco, a whollyowned subsidiary of sgx that undertakes all sgx s frontline regulatory functions. Determining interested persons and related parties singapore. Apr 30, 2018 sgx observer observed quite a few companies, including mindchamps pre school, sembcorp marine, dutech, straits trading co. As the estate holds a majority of the shares in fem, fem is an associate of the estate. Sgx issues consultation paper on changes to listing manual.
Interested person transactionsale of properties pursuant to. Sgx st listing manual amendments effective 10 august 2012 listing rules to introduce new mainboard admission criteria rule rationale purpose of amendment new amended rules lr2102 to reflect the new mainboard admission criteria an issuer must also satisfy one of the following requirements. Find out more about listing on the sgx mainboard, providing enterprises with access to global institutional and individual investors. These rulebooks contain the various rules governing the listing, clearing, trading and depository services that the industry needs to comply with. Additional continuing requirements are set out in the following chapters.
The objective of chapter 9 is to guard against the risk that interested persons could influence the listed company, its subsidiaries or associated companies, to enter. Chapter 9 of the listing manual the listing manual of the singapore exchange securities trading limited sgxst governs transactions by a listed. Chapter 9 of the listing manual of the sgx st the listing manual. Circular to shareholders in relation to 1 the proposed. Learn more about sgx regco, and get updated on the latest news and key statistics on regulation. Chapter 9 definitions and interpretation rulebook sgx rulebook. Chapter 9 allows a listed company to seek a general mandate from its shareholders.
News release 30 november 2015 sgx reprimands sunvic chemical. Company will not be required to comply with the listing rules of sgx st save for chapters 9 and 10 on interested person transactions and acquisitions and realisations respectively, rule 217 of the listing manual, the delisting provisions under chapter of the listing manual, and to have at least one singaporeresident director on the. The constitution of the company, as may be amended or modified from time to time controlling shareholder. Jun 29, 2018 sale of properties pursuant to rule 9102 of chapter 9 of the listing manual announcement reference sg180629othrrdn4 submitted by co. As at 1 august 2018 the latest practicable date, the company had 1,535,769 treasury shares and no subsidiary holdings. Chapter 9 of the listing manual the listing manual of the singapore. Chapter 8 changes in capital chapter 9 interested person transactions chapter 10 acquisitions and realisations chapter 11 takeovers. The six listing rules governing trading suspensions share certain common features with those found in chapter of the listing manual. Chapter 12 circulars, annual reports and electronic communications chapter trading halt, suspension and delisting chapter 14 disciplinary and appeals procedures, and enforcement powers of the exchange. Purchase mandate, the companies act and the listing rules of the sgxst listing.
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