SGX reprimands Tee International and former Group CEO for breaching listing rules sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.
SINGAPORE - The Singapore Exchange (SGX) has issued a public reprimand to the former chief executive officer of Magnus Energy Group, Mr Luke Ho Khee Yong, and the former board of directors for breaches of the Catalist rules. Read more at straitstimes.com.
Singapore Exchange Regulation to expand enforcement powers
Out-Law News | 09 Jul 2021 | 12:48 am | 1 min. read
Singapore Exchange Regulation (SGX RegCo) will expand its range of enforcement powers and require issuers to implement a whistleblowing policy.
The regulator will also be able to prohibit an issuer from using market facilities for a specified period or until specified conditions are met, prohibit any issuer from appointing or reappointing a director or an executive officer for up to three years, and require a director or an executive officer to resign which will be appealable to the Listings Appeals Committee. More severe sanctions, including fines, will continue to be reserved for the independent Listings Disciplinary Committee.