Rulebooks: Contents

Rulebooks
Mainboard Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Equity Securities
Chapter 3 Debt Securities
Chapter 4 Investment Funds
Chapter 5 Structured Warrants
Chapter 6 Prospectus, Offering Memorandum and Introductory Document
Chapter 7 Continuing Obligations
Chapter 8 Changes in Capital
Chapter 9 Interested Person Transactions
Chapter 10 Acquisitions and Realisations
Chapter 11 Takeovers
Chapter 12 Circulars, Annual Reports and Electronic Communications
Chapter 13 Trading Halt, Suspension and Delisting
Chapter 14 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Appendices
Practice Notes
Practice Note 6.2 Prospectus Disclosure for Life Science Companies
Report of the Committee and Code of Corporate Governance
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

  Versions
(2 versions)
 
Up to Sep 28 2011Sep 29 2011 onwards

Practice Note 6.2 Prospectus Disclosure for Life Science Companies

Details Cross References
Issue date: 24 March 2009

Effective date: 24 March 2009
Chapter 6

1. Introduction

1.1 This Practice Note sets out the prospectus disclosure requirements for life science companies seeking a listing on the Exchange.

2. Disclosure Guidelines

2.1 The applicant should disclose in its prospectus:
(1) Details of its operations in laboratory research and development, to the extent material to investors, including details of patents granted and in relation to its products the successful completion of, or the successful progression of, significant testing of the effectiveness of its products. If there are no relevant details, a negative statement should be provided;
(2) Details of the relevant expertise and experience of its key management and technical staff;
(3) The salient terms of any service agreements between the applicant and its key management and technical staff;
(4) The safeguards and arrangements that the applicant has in place, in the event of the departure of any of its key management or technical staff;
(5) The risk and impact, financially or otherwise, from such departure of key management or technical staff on the group's business and operations;
(6) Information on whether the applicant has engaged in collaborative research and development agreements with other organisations, to the extent material to investors;
(7) A comprehensive description of each product, the development of which may have a material effect on the future prospects of the applicant;
(8) The directors' opinion which must state, without requiring a profit forecast, that in their reasonable opinion, the working capital available to the applicant, as at the date of lodgement of the prospectus, is sufficient for the present requirements and for at least 12 months after listing; and
(9) Where relevant and appropriate, an expert technical assessment and industry report.

Amended on 29 September 2011.