Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Sponsors
Chapter 3 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Chapter 4 Equity Securities
Chapter 5 Reserved
Chapter 6 Reserved
Chapter 7 Continuing Obligation
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 Transition Rules
Appendices
Practice Notes
Code of Corporate Governance 2012
Code of Corporate Governance 2018
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

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

814

Past version: effective up to Sep 28 2011.
To view other versions open the versions tab on the right.

(1) An issuer which intends to make a rights issue must announce (having regard to Rule 704(24) the issue promptly. The announcement must include the following:
(a) price, terms and purpose of the issue;
(b) the amount of proceeds proposed to be raised;
(c) breakdown of the proposed use of proceeds;
(d) where the issue is proposed to be used mainly for general working capital purposes, the issuer must provide reasons for such use taking into account its working capital position;
(e) whether the issuer's directors are of the opinion that, after taking into consideration:
(i) the present bank facilities, the working capital available to the group is sufficient to meet its present requirements and if so, the directors must provide reasons for the issue; and
(ii) the present bank facilities and net proceeds of the issue, the working capital available to the group is sufficient to meet its present requirements;
(f) whether the issue will be underwritten;
(g) the financial circumstances which call for the issue; and
(h) whether it has obtained a listing and quotation notice from the Exchange or will be seeking the listing and quotation of the new shares arising from the rights issue.
In addition, an issuer must observe the disclosure requirements in Appendix 8A.
(2) If a rights issue involves an issue of convertible securities, the issuer must also comply with Part VI of this Chapter.

Refer to Appendix 8A — Disclosure Requirements for Rights Issue or Bought Deals.