SINGAPORE STOCK EXCHANGE TO DROP MINIMUM TRADING PRICE RULE

Highlights:

• SGX RegCo. stated that it will abolish the rule for companies to maintain a minimum share price (MTP) on June 1, 2020.
• The rule was adopted in 2016 to deter share price manipulation.
• The proposal to scrap the rule was set up for public consultation in late 2019.

The Regulatory arm of Singapore Stock Exchange, SGX RegCo. stated that it will abolish the rule f....