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It's time SGX and sponsors get tougher with firms looking to list

The lack of scrutiny has let through companies with questionable business models. Companies with poor business models are more likely to turn to fraud to generate results.

Published Tue, Mar 5, 2019 · 09:50 PM

IPO

THEY say when life gives you lemons, you make lemonade.

I hope that this is not the philosophy of the Singapore Exchange (SGX), which has given investors quite a few lemon IPOs over the past few years, and especially in the past year. This has further soured investors' sentiments, already severely dented by corporate scandals, spectacular collapses and controversial delistings.

There is the case of…