Press Statement: SGX introduces half-yearly update on long-suspended companies

Date: May 12, 2016

SIAS had provided feedback to SGX on the need to keep investors updated on long-suspended companies. SIAS is pleased to see the report take off with the efforts by professionals and welcomes SGX’s plan for more regulatory initiatives.

This report is useful as it improves transparency, provides updates to investors on the progress of investigation, and helps investors keep track of their investments as some companies can be and have been revived in the past.

It is also a timely reminder that investors should understand the risks of investing in companies by reading the prospectus and annual reports before investing. Investors must also continue to monitor their investments and keep abreast of company disclosures.

David Gerald
Founder, President & CEO
Securities Investors Association (Singapore)