Singapore Exchange to tighten listing rules
Posted on Wednesday, June 01, 2005 - 08:00 PM
The Singapore Exchange unveiled on 31 May 2005 plans to tighten rules for companies listed on the bourse. The move follows on a recent spate of financial scandals, including the collapse of Chinese jet fuel trader China Aviation Oil.
"The Singapore Exchange plans to enhance its listing rules and processes in order to raise corporate governance standards and promote good regulatory practices," it said in a statement as it issued a
consultation paper for public comment.
The consultation paper remains open for comments from 30 May to 1 July 2005.
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