SINGAPORE - Companies or trusts listed on the Singapore Exchange (SGX) that are subject to sanctions or engaging in sanctioned business dealings with Russia should suspend trading of their listed securities until they have demonstrated that the sanctions no longer apply to their businesses, SGX said on Monday (March 7).
They must also immediately conduct an assessment on the financial and operational impact of the sanctions, and announce this on the exchange.
The Singapore Exchange Regulation on Monday also suspended the admission to trading of PJSC Gazprom's global depository receipts due to sanctions imposed on Russia by the Singapore Government following Russia's invasion of Ukraine.
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