https://www.businesstimes.com.sg/companies-markets/cityneon-to-delist-on-feb-1-9am
Goodbye Cityneon!
There will be more to come!
This is because SGX is fast becoming a derivatives market instead of a securities market. As the securities' liquidity dwindles, companies will become less interested to list on SGX as a low liquidity market always gives a low valuation for the IPOs and listed companies.
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