Secondary Listings On The SGX - Key Requirements And Considerations

Introduction

As at 13 January 2016, there are 34 companies with a secondary listing on the Singapore Exchange Securities Trading Limited (the "SGX"). Out of these companies, 7 achieved their secondary listing on the SGX in the past 5 years.

This article seeks to highlight the key considerations and criteria for a foreign company exploring a secondary listing of its shares on the SGX Main Board.

Typical rationale for seeking a secondary listing on the SGX

There are various reasons why a foreign issuer may wish to seek a secondary listing on the SGX.

Some of these reasons could include the following:-

1. A secondary listing on the SGX could enhance an issuer's public image in the Asian region as well as internationally. Approximately 40% of the over 760 listed companies on the SGX come from overseas and, as at 13 January 2016, there were 34 companies with a secondary listing on the SGX-ST.