Rulebooks: Contents

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
Practice Notes
Report of the Committee and Code of Corporate Governance
Catalist Rules
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
Rule Amendments

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  • Part VII Bonus Issues, Capitalisation Issues and Subdivision of Shares

    • 836

      An issuer that intends to make a capitalization issue or a subdivision of shares must promptly make an announcement, stating the following:—

      (1) The terms of the issue or the subdivision; and
      (2) Whether the Exchange's approval is required and has been obtained.

    • 837

      No date must be fixed for the closing of books until the capitalisation issue or subdivision of shares has been approved by the Exchange.

    • 838

      An issuer must satisfy the Exchange that its daily weighted average price, adjusted for the capitalization issue or subdivision of shares ("adjusted price"), will not be less than S$0.50. When deciding, the Exchange may take into account an issuer's adjusted price for the month preceding the application date.

      Amended on 10 August 2012.

    • 839

      An issuer making a capitalisation issue or subdivision of shares must state in the shareholder circular (if required) whether it expects to maintain the quantum of dividend declared and paid in the previous year.

    • 840

      If an issue is to be capitalised from the revaluation reserve, the issuer may be required to satisfy the Exchange that the amount of the revaluation reserve so capitalised will not impair the issuer's ability to absorb future diminution in the value of its assets.

    • 841

      An issuer must not capitalise:—

      (1) more than 50% of the amount standing in the revaluation reserve account; and
      (2) any surplus arising from the revaluation of fixed assets such as plant and machinery.

    • 842

      An issuer should avoid creating odd lots as far as possible.