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UOB Kay Hian can resume IPO, RTO activities with lifting of moratorium
October 19, 2024
|The Straits Times
Singapore Exchange Regulation (SGX RegCo) has lifted a moratorium on UOB Kay Hian (UOBKH) with immediate effect. This allows the brokerage to resume its role as issue manager and full sponsor for initial public offerings (IPOs) and reverse takeovers (RTOs) on the local bourse.
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The moratorium, imposed on Dec 27, 2022, had restricted UOBKH from managing new IPO and RTO submissions, except for agreements made before Aug 31, 2022.
"SGX RegCo notes that UOBKH has taken remedial action to strengthen its policies and procedures for IPO and RTO transactions, including enhanced oversight on the activities of UOBKH's corporate finance department," the regulator said on Oct 17.
هذه القصة من طبعة October 19, 2024 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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