Listing expenses on SGX

[karlmarx]

Companies often cite low liquidity and saving on listing expenses as a reason to delist.

How much does a small to mid-sized company on SGX -- of say $200 mil market cap or $20 mil profits -- spend every year to meet the listing rules and regulations on SGX?

In other words, how much can a company save on regulatory-related expenses if they choose to be delisted from SGX?

Thanks in advance.

[beau]

That's a good question. Does anyone know what the compliance costs are with being listed in the SGX?

[soros]

This weblink may help : http://sbr.com.sg/financial-services/new...ged-100000

The SGX annual listing cost should vary from $35K ( min) + $30 per mil Market Cap up to $150K ( Max).

[karlmarx]

Thanks for the info soros.

I guess apart from such fees payable to SGX, fees are also paid to independent directors, and to the lawyers/auditors they hire to ensure SGX compliance rules are met?

[Triple70]

I understand the cost to be min 300k a year, and really sky high if the board is those colorful type.
Pte companies do not need so many directors.
The cost of a qualified finance director.
The cost of the listing sponsor.
The cost of the share registrar and atas company secretary.
The cost of printing distributing all the notice to shareholders, and the fancy agm buffets.
For every IPT, there needs to be a IFA involved.

I really dont see any logic in listing or investing in this current framework

[soros]

Private owned companies may only sell to a buyer for 3-4 times annual earnings . But if companies can list say 30% of the company shares on the Stock Exchange at 10-12 PE ratio, the owners can get just as much selling only 1/3rd of company and still keep control of the company with 1/3 public shareholders on board .