SGX says shareholder vote to exclude offeror and concert parties; requires exit offers to be fair and reasonable

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SINGAPORE (July 11): The Singapore Exchange Regulation (SGX RegCo) has announced changes to two rules related to the voluntary delisting of listed companies.

To take effect immediate, the two changes were implemented after consultation with market participants and the public.

Firstly, the offeror and parties acting in concert with the offeror must abstain from voting on the voluntary delisting resolution.

The 10% block in its voluntary delisting rules has also been removed.

However, the approval threshold is still maintained at 75% of total number of shares held by...(click on link for full story on