SGX adds market cap test to MTP framework but extends review period to half yearly

SINGAPORE (Dec 2): The Singapore Exchange has announced revisions to its minimum trading price (MTP) framework after a month-long consultation.

The bourse operator has added a new $40 million market capitalisation requirement to the framework, and lowered the review frequency to twice a year from every quarter.

The market capitalisation threshold means a company will be placed on the MTP watchlist if its six-month average daily market capitalisation falls below $40 million. This is on top of the existing requirement that its six-month volume weighted average share price (VWAP) has fallen below 20 cents.

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