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Revisions

SGX slaps SingPost with public reprimand for Listing Rules breach

Jude Chan Published on Thu, May 04, 2017 / 7:23 PM GMT+8

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SINGAPORE (May 4): Singapore Exchange on Thursday publicly reprimanded Singapore Post for its breach of the listing rules.

SGX says SingPost had flouted Listing Rule 719(1), which requires listed companies to have a robust and effective system of internal controls, addressing financial, operational and compliance risks.

This comes following the findings by the Joint Special Auditors, PricewaterhouseCoopers (PwC) and Drew & Napier, as well as Corporate Governance Reviewer Heidrick & Struggles.

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