What are the listing requirements in Singapore?

Three Ministries of FactsSingapore Apart from the National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore Management University Private Singapore Institute of Management Singapore Technology (Singapore University of Techology and Design) Singapore Management Institute and its three real gap New Singapore Technology Unknown Mathematics Science and Technology are interested in trying it.

Chinese companies are no strangers to SGX. At present, SGX ranks third in terms of the number of overseas listings of Chinese companies, after Hong Kong and the United States. According to the search results of Singapore China stocks in the Wind database on 20 May 2022, there are currently 63 China stocks on SGX.

Futu understands that there are three sets of rules for listing on the main board of Singapore.

For realised profitable companies: Achieving profitability in the previous financial year with a market capitalisation of not less than S$100 million based on the issue price and issued share capital after the offer. and have at least three years of business records.

For realised profit-making companies: Pre-tax profit of at least S$30 million in the previous financial year and at least three years of operating record.

Requirements for listing in Singapore:

1) Pre-tax profit requirements.

In order to be listed on the Main Board, a company must first pass the pre-tax profit requirement, which must exceed S$7.5 million in the past three years and not less than S$1 million in each of the three years. If the accumulated pre-tax profit in the past two years exceeds S$10 million, the profit requirement can also be met. The company is listed on the SESDAQ board (GEM) and has no profit-making requirements, but it is profitable to facilitate the listing application.

Special income will not be taken into account in the calculation of pre-tax earnings. If there are special losses, and these special losses will not occur again, the exchange can give appropriate adjustments, subject to factors directly related to the company.

In addition, the application for listing profit** needs to be stable, the profit-generating business should continue, and the profit from the transferred or terminated business may not be considered and deducted from the accumulated profit.

b) Financial requirements.

In order for a company to be listed in Singapore (Main Board or SESDAQ), it must be financially sound and must not have liquidity difficulties. If a company borrows money from shareholders or directors, it needs to pay it off first or pay off its debts with shares.

c) Management.

The management needs to be basically stable, that is to say, the management that has brought profits to the company in recent years is basically unchanged, and if there are key personnel leaving, the company needs to prove that their departure does not affect the company's management.

Teckwah Industries, OCBC Bank, Yiqi, Global Petroleum, Asia Pharmaceuticals, Far Friends International, Austo Group, Best World.

Contract Manufacturing: Yikang Medical, Eu Yan Sang, Jiyi International, Commonwealth International, Huanxin Holdings, Jusu, Yuanguang Yaming.

Qingyuan Enterprise Jinsheng Technology NH Tile Virtue Medical MFS Technology Multi Technology Luo Mina Osheng International Achieves Packaging Dragon Chips: Asia Group Asia Creation Asia Power Willas-Array Electronics China Aviation Fuel China Merchants Asia Pacific Tsit Wing International Runxun Communications.

United Foods, Qisheng Industries, Cailing Animation, Eagle Holdings, COSCO Investment, Dairy Milk International, Daktronics Asia, Dragon Land.

East Asia Technology, Yongyi International, Elec & Eltek, Yaoke International, Kingsoft Battery, Kingsoft Electronics, Yuexiu Investment, Hongkong Land.

Hetong Investment, Huanxin Holdings, Wanwei Holdings, Yegao International, Jardine Holdings, TPV Technology, Yuanguang Yaming, Kingboard Copper Foil.

Liankang Electronics, Want Want Holdings, Wanlihe, Mandarin Oriental, Noble Group, Pacific Enli, Pacific Asia, Bajiali Technology, Popular Food, Huasheng International, Quanwei International, Shangri-La, Singamas Container, Sunway International, Xinjin Technology, Ruiying Media.

Hengxin Pacific said that the following points are as follows: 1. No minimum registered capital is required;

2. There are three or more years of continuous and active business records, and it is not required to be profitable, but the accounting report cannot have major reservations, and the validity period is 6 months.

3. The public shareholding shall be at least 500,000 shares or 15% of the issued paid-up share capital (whichever is higher), and at least 500 public shareholders.

4. A company whose business is held in Singapore must have 2 independent directors; The holding company with non-business operations in Singapore has 2 independent directors who are resident in Singapore and one executive director who is in Singapore on a full-time basis and meets quarterly.

Companies listed on the Singapore Stock Exchange will enjoy numerous benefits. Some of the important advantages are:

1) Create a market for the company's best;

2) Strengthen the company's reputation and financial credibility;

3) increase public awareness of the company and its products;

4) Give the company the opportunity to launch a subscription plan for its employees;

5) to raise funds in the future through the issuance of new shares and other **;

6) use the company's ** to carry out acquisition activities;

7) Provide a channel for existing shareholders to cash out their investments.

(1) At least 1,000 shareholders hold 25% of the company's shares, and if the market capitalization is greater than 300 million, the shareholding ratio of shareholders can be reduced to 10%.

2) The company's ** must already have an open market, with no less than 2,000 shareholders of the company's **. (For a secondary listing, at least 2,000 shareholders hold 25% of the company's shares).

3) You can choose three years of business records or no business records. (1) Cumulative pre-tax profit of S$7.5 million for the past three years, with a minimum of S$1 million per annum.

2) Cumulative pre-tax profit of S$10 million for the past 1 to 2 years.

3) Profit before tax of not less than S$20 million and tangible asset value of not less than S$50 million in any of the three years.

4) No profit requirement. Attract high-quality domestic and foreign companies to go public, look for international partners, and open the market to introduce foreign brokers.

Adoption of accounting standards.

Singapore or internationally or U.S. generally accepted accounting principles. You are free to choose your place of incorporation and do not need to have a substantial business operation in Singapore.

Provisions on the disclosure of information on the company's business operations.

If the company plans to offer shares to the public, the company must publish a prospectus to the public; If the company already has enough suitable shareholders and sufficient capital to raise shares from the public, the company must prepare a notice similar to a prospectus and submit it to the exchange for public inquiry. The exchange is divided into two markets, one for the small market (SES-SESDAQ) and the other for the main market (SES-mainboard).