SGX codifies rule on share buy-back limit

Limits discretionary ability of the listed firm.

According to a release, Singapore Exchange (SGX) will codify in its SGX-Securities Trading (SGX-ST) Listing Rules the existing share buy-back limit of 10% for listed companies on both the Mainboard and Catalist with effect from 1 October 2013. Listed companies will be able to buy back up to 10% of its total number of issued ordinary or preference shares.

The rule limits the discretionary ability of the listed company to vary the supply of its shares. This is consistent with the move to introduce greater flexibility through an increase in the statutory share buy-back limit while preserving the present limit for listed companies under the SGX Listing Rules.  

Join Investment Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!