SGX RegCo on May 22, 2026, introduced a new regulation that compels companies suspended for longer than three years to demonstrate substantive progress toward resolving their issues. Otherwise, the companies will face delisting from the exchange [1, 2].
At the end of 2025, there were 39 companies listed on the Singapore Exchange that had been suspended for over 12 months. During the latter half of 2025, one company resumed trading, two were delisted, and three new suspensions occurred, keeping the total number stable at 39 [1, 2].
The three-year limit aims to give suspended companies enough time to restructure or finalize creditor arrangements that can unlock shareholder value. However, they must provide clear plans for resuming trading and show tangible progress on restructuring efforts [1, 2].
If SGX RegCo determines a company’s recovery plan lacks urgency or sufficient progress, it will start delisting procedures. This policy follows a previous step taken in October 2025, when SGX RegCo restricted suspensions to cases with clear going concern concerns [1, 2].
SGX RegCo CEO Tan Boon Gin emphasized the role of public markets in price discovery and liquidity, noting that long suspensions harm these functions. He said, "Public markets serve to facilitate price discovery and liquidity, and suspension undermines this. We have reduced the number of long-suspended issuers and aim to reduce it further" [1, 2].
The new three-year limit seeks to further shorten the duration companies remain inactive on the exchange. SGX RegCo’s move sets a firm deadline for suspended companies to act or face delisting, improving market quality and protecting investors.
Market participants will closely watch how SGX RegCo enforces this limit in coming months and the impact on suspended companies’ restructurings.
