Try GOLD - Free
UOB Kay Hian can resume IPO, RTO activities with lifting of moratorium
The Straits Times
|October 19, 2024
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.
-
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.
This story is from the October 19, 2024 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
Community • Share more stories of kindness
I refer to Mr Low Jeng-tek’s letter, “Delivery rider a ‘selfless buddy’ for drivers at MacRitchie carpark” (Feb 2), and would like to thank Mr Christopher Ang for his selfless actions.
1 min
February 05, 2026
The Straits Times
9,012 BTO, balance flats up for sale, including Prime project in Redhill
The Housing Board launched 4,692 Build-To-Order (BTO) flats for sale on Feb 4, including about 1,300 flats in Tampines and Sembawang with shorter waits of under three years.
4 mins
February 05, 2026
The Straits Times
Singapore’ cancer screening gap is widening at a critical moment
Low participation rates, late diagnoses and younger patients point to the urgent need for a rethink.
6 mins
February 05, 2026
The Straits Times
A global nuclear arms race looms with the collapse of New START
It's clearly a historic moment, but hardly a very encouraging one.
6 mins
February 05, 2026
The Straits Times
TALL TALES: BANANAS & ANG KU KUEHS
Play blends absurd Taiwanese and South-east Asian folktales
3 mins
February 05, 2026
The Straits Times
Myanmar junta's proxy party named victor of 'sham' polls
Dominating win means it can form new Cabinet, appoint the president on its own
2 mins
February 05, 2026
The Straits Times
Pangdemonium's exit marks a new stage for Singapore's theatre scene
Its closure is both a milestone and a strange bellwether.
6 mins
February 05, 2026
The Straits Times
Road safety • Complacency is putting everyone at risk
As a young mother of a toddler, with another child on the way, I live with a constant contradiction.
1 min
February 05, 2026
The Straits Times
Got a nose for news? Take part in ST’s current affairs competition for schools
What seafood item from Hokkaido is becoming increasingly rare?
2 mins
February 05, 2026
The Straits Times
OMS Energy to refocus on growth after Nasdaq IPO saga, says CEO
After a challenging two-year push towards a Nasdaq listing and a lack-lustre debut in May 2025, OMS Energy Technologies (OMSE) is refocusing its attention from market volatility to execution and growth, chief executive How Meng Hock said.
3 mins
February 05, 2026
Listen
Translate
Change font size