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Singapore Exchange to scrap minimum trading price rule from June 1

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The Singapore Exchange Regulation (SGX RegCo) is scrapping the minimum trading price (MTP) rule for mainboard-listed companies. This will take effect from June 1. The rule was put in place to prevent the manipulation of low-priced securities, but SGX RegCo said it found that shares of most companies on the MTP watchlist were not manipulated.

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