SGX says health of companies operating in China worrying, tells directors to keep vigilant

SINGAPORE (Nov 17): Singapore Exchange has expressed concern over the financial health of companies with large operations in China and instructed their directors to discharge their duties to safeguard the interests of shareholders.

SGX is closely monitoring companies reporting adverse financial developments and their directors, according to its Regulator's Column published today. The column also provided guidelines for the board to handle specific cases of depletion of cash, assets or retained profits.