SGX RegCo: Proposes Changes To Delisting Rules.09 Nov 2018 17:30
Singapore Exchange Regulation is consulting the market on rule changes to two aspects of voluntary delistings, namely the voluntary delisting resolution and the exit offer. SGX RegCo is proposing that only minority shareholders, and directors and controlling shareholders who are not the party making the offer or who are not acting in concert with it, can vote on the voluntary delisting resolution at the shareholder meeting. This means the offeror and the parties acting in concert with it cannot participate in the vote...
Source: ShareInvestor Express