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I wonder what is the effect of this new rules to SGX share price?
CATALIST RULES AND NAME CHANGE TO TAKE EFFECT ON 17 DECEMBER 2007
Following the announcement by Singapore Exchange Limited (SGX) on 26 November 2007, the rules for Catalist, SGX?s sponsor-supervised listing platform for fast growing companies, will take effect on Monday, 17 December 2007. On the same day, SGX?s second board, SESDAQ, will be renamed Catalist.
Accordingly, all SESDAQ listed companies will be known as Catalist listed companies. However, these companies will still be regulated by SGX under the SESDAQ regime until they have engaged a Catalist sponsor and adopted the Catalist rules. These companies will have at least two years from the announcement of the first batch of sponsors to achieve the above.
Interested institutions can submit their applications to SGX to become Catalist sponsors. The first batch of sponsors is expected to be announced in January 2008.
For full details of the Catalist rules, please refer to www.sgxcatalist.com
Following the announcement by Singapore Exchange Limited (SGX) on 26 November 2007, the rules for Catalist, SGX?s sponsor-supervised listing platform for fast growing companies, will take effect on Monday, 17 December 2007. On the same day, SGX?s second board, SESDAQ, will be renamed Catalist.
Accordingly, all SESDAQ listed companies will be known as Catalist listed companies. However, these companies will still be regulated by SGX under the SESDAQ regime until they have engaged a Catalist sponsor and adopted the Catalist rules. These companies will have at least two years from the announcement of the first batch of sponsors to achieve the above.
Interested institutions can submit their applications to SGX to become Catalist sponsors. The first batch of sponsors is expected to be announced in January 2008.
For full details of the Catalist rules, please refer to www.sgxcatalist.com