News Pulse

On 11 July 2019, the Singapore Exchange (“SGX”) announced changes to two aspects of the voluntarily delisting regime for issuers listed on the SGX Mainboard and SGX Catalist, with immediate effect. Pursuant to consultations with market participants and the public which commenced in November 2018, amendments were made to the SGX listing rules, mainly pertaining to the shareholders’ approval threshold for a voluntary delisting and the exit alternatives for shareholders.

Entrepreneurs have big dreams to grow their business to its fullest potential and reach a status of recognition. Other than a solid vision and much hard work, growth and business expansion require substantial capital. While entrepreneurs may rely on their own funds and even financial support of venture capitalists to begin with, the capital market presents vast funding opportunities to accelerate growth and achieve market leadership. Initial Public Offerings (IPOs) are generally seen as the effective means to capital, visibility and credibility.

Foreign companies are increasingly finding a market for their services in the economic powerhouse of China, but care is required to avoid being inadvertently caught in a tax trap.  China currently has Double Taxation Avoidance Treaties (DTATs) with more than 100 other countries, which is good news for firms that want to do business there.

The Insolvency, Restructuring and Dissolution Bill was passed in Singapore on 1 Oct 2018 and has since attracted much interest in the international insolvency community. Amidst this hype, Nexia TS, Smith and Williamson and Nexia International co-organized the Nexia 10th Turnaround Restructuring Insolvency (TRI) Conference in Singapore on 24 June.

Nexia TS has moved to 80 Robinson Road, #25-00, Singapore 068898. We’ll love to show you around our collaborative office. If you’re close by, why not pop in to have a cup of coffee with our business advisory teams? We would love to discuss with you more about the projects you’re currently working on or just for a casual meet-up. Pss, did we also mention that Lau Pa Sat is just opposite?