Breaking: SGX Mainboard Penny Stocks Reform

[Runifyouhaveto]

Aug 1 (Reuters) - Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday.

From March 2015, Singapore will have a minimum trading price of S$0.20 ($0.16) for main board-listed issuers and a transition period of 12 months.

The new rules will impact about 220 companies listed on SGX, but regulators expect most companies to comply through "share consolidation" during the transition period, after which there will be a grace period of three years.

http://www.reuters.com/article/2014/08/01/singapore-stocks-reforms-idUSL4N0Q73E720140801

Thank you Reuters.

 

[SNTCK]

Penny stock can have more to drop!
Those buying penny stock! Take k!

 

[blissquek]

Penny stock can have more to drop!
Those buying penny stock! Take k!

Our stock exchange...THE LAUGHING STOCK OF THE WORLD.

Daily, without fail, the top 20 volume are always those stocks with value less than 1 ctc..???

How on earth do we pay so much bonuses to all these CEO over the years..???

They claim to be a world class exchange...just like the govt claiming to be world best and paying themselves stratospheric. unearthly sum of salaries.

These people are shameful earthlings.

 

[Runifyouhaveto]

Penny stock can have more to drop!
Those buying penny stock! Take k!

SGX is the one who created true-pennies by creating the $0.001 trading units in bid to reduce bid-ask gap and churn trading volume years ago.

 

[Runifyouhaveto]

Starting in January 2015, the Singapore Exchange will reduce the board lot size for listed stocks from the current 1,000 shares to 100.
http://www.channelnewsasia.com/news/singapore/retail-investors-to-get/1293136.html

RUN's kids can also afford now.