SGX Gives a Green Light on STGT for the Secondary Listing
The Singapore Stock Exchange gave a green light on STGT's secondary listing under conditional Eligibility-to-List (ETL) conditions.
The Singapore Stock Exchange gave a green light on STGT's secondary listing under conditional Eligibility-to-List (ETL) conditions.
5 พ.ค. 2564

Sri Trang Gloves (Thailand) Public Company Limited (STGT) stated that on May 3, 2021, the company received a letter of conditional Eligibility-to-List (ETL) from the Singapore Exchange Limited (SGX-ST) in connection to the proposed.
 
The letter was in line with STGT’s announcement on November 13, 2020, indicating the company’s intention for a secondary listing on the Singapore Exchange Limited.
 
The ETL is subject to, amongst others, the following conditions:
(a) compliance with the SGX-ST’s listing requirements;
(b) the company maintaining the primary listing of its shares on the Stock Exchange of Thailand (the “SET”);
(c) pre-quotation disclosure of information required by the SGX-ST;
(d) the company confirming that its memorandum and articles of association (incorporating all amendments to date) has been filed with the SET;
(e) the company undertaking to comply with the following requirements as set out in Rule 217 of the SGX-ST Listing Manual to:
(f) the company undertaking to make an announcement as soon as there is a change in the law of our Company’s place of incorporation which may affect or change shareholders’ rights or obligations over its securities, including:
(g) the company undertaking that in the event for a need for trading halt or suspension in its shares, the company would request for a trading halt or suspension on all exchanges at the same time;
(h) written confirmations from the Issue Manager and the company that arrangements satisfactory to the SGX-ST are in place to ensure:
 
In addition, STGT stated that the ETL is not an indication of the merits of the Proposed Secondary Listing, the company, its subsidiaries and/or its shares.