Mainboard Rule News Today

<p><span>Singapore Exchange Regulation (“SGX RegCo”) refers to Lorenzo International Limited’s (“the Company”) announcements of 13 August 2019 and 11 December 2020 on the proposed disposal of its wholly-owned subsidiary, Lorenzo Furniture (Kunshan) Co., Ltd (“Lorenzo Kunshan”).  </span></p>

<p><span>Public Reprimand: Breaches of Listing Rules</span></p>

<p><span>This Regulator’s Column seeks to provide the expectations of the Singapore Exchange Regulation (“SGX RegCo”) on the conduct of issuers’ general meetings amid the extension of the temporary legislative relief. Such legislation allows entities to hold general meetings via electronic means amid the COVID-19 situation, and will continue to be in force until revoked or amended by the Ministry of Law. </span></p>

<p><span>Reports of directors of listed issuers being called in for questioning by police investigators surface every now and then. SGX RegCo is often asked following such reports, whether these directors should be allowed to continue to serve on boards or resume their duties in the listed companies.</span></p>