SGX Regco proposes rule changes to aid company restructuring

Robsonlee26 Feb, 2024Legal

SGX RegCo has proposed changes to the listing rules to facilitate the corporate restructuring of financially distressed issuers. The proposed changes are timely and would be consistent with Singapore?s aim to position itself as a leading debt restructuring hub. To enable the company to be properly rehabilitated, all stakeholders must be prepared to share the burden and make deep concessions to invest in the longer term prospects of the company. A successfully rehabilitated company benefits all and sundry.