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Monday, October 9, 2017

Sigh! Another big market capitalisation stock will delist from SGX after Genting HK.

http://www.businesstimes.com.sg/companies-markets/global-logistic-gets-sgx-nod-aims-to-be-delisted-by-april-14-2018

GLP will delist next year.  SGX has been losing quite a number of big clients because it is losing its competitiveness due to low liquidity.  Low liquidity stock exchange will not yield a high valuation for a listing company.

SGX always attracts mid-size companies to list on its stock exchange while bigger ones prefer to list on HKEX and US stock exchanges.

1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/glp-predicted-privatise-april-2018-015500831.html

Delist price is about $3.4/share.