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Singapore Firms Hit by Russia Curbs Told to Halt Trading – ST

Entities must immediately conduct an assessment on the financial and operational impact of the sanctions, and announce that on the exchange, the report said, citing SGX


Singapore Exchange
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6% in early trade. Photo: Reuters

 

Companies with trusts listed on the Singapore Exchange (SGX) that are subject to sanctions for engaging in business deals with Russia should suspend trading of their listed securities until they can demonstrate that the sanctions no longer apply to their business, The Straits Times reported.

The entities must also immediately conduct an assessment on the financial and operational impact of the sanctions, and announce that information on the exchange, the report, said citing SGX.

 

Read the full report: The Straits Times.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.