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Singapore Exchange to Roll Out New Disclosure Rules

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Singapore Exchange (SGX:S68) said the Singapore Exchange Regulation will lay down new rules requiring enhanced disclosures among listed issuers regarding executive remuneration, dividend policies, and investor relations.

The new rules will take effect on Jan 1, 2027, according to a Wednesday filing to the Singapore bourse.

Under the updated framework, annual reports must describe the key financial and non-financial performance indicators used to determine the remuneration of executive directors and executive officers, and show how these metrics align with long-term value creation objectives.

Additionally, listed issuers will have to include their dividend policy, investor relations policy, and a description of any key shareholder engagement activities they are organizing within the year.

The first batch of annual reports required to comply with the new rules will be issued in 2028; however, the exchange encourages early adoption of the rules.

What else is happening in Asia?

Asia

Beijing Compass Technology Development Seeks Up to 500 Million Yuan in Bank Credit Lines

The board of Beijing Compass Technology Development (SHE:300803) approved applications for comprehensive credit lines from three banks to fund working capital loans and related business needs, according to a Wednesday aftermarket filing with the Shenzhen bourse.The company will seek up to 250 million yuan from Agricultural Bank of China with a one-year term, up to 150 million yuan from Xiamen International Bank with a three-year term, and up to 100 million yuan from Industrial Bank with a one-year term.Shares of the investment software developer were down 2% in recent trade.

SHE:300803
Asia

Liquidators Issue Final Notice to Creditors for ST Group Units' Dissolution

ST Group Food (SGX:DRX) said liquidators have issued their final notice and report to the creditors for the liquidation of GCTea 2B and GCTea 2A, according to a Wednesday filing to the Singapore stock exchange.The liquidators also plan to file the 'Notice of Final Account' before the dissolution.Last year, the company decided to liquidate GCTea 2B and GCTea 2A as part of its strategic plans to exit from the Gong Cha Brand in the United Kingdom.

SGX:DRX
Asia

South Korean President, Trump Discuss Warships Construction

South Korean President Lee Jae Myung and U.S. President Donald Trump met on Tuesday on the sidelines of the UN General Assembly to discuss defense and industrial collaboration, including naval shipbuilding.Lee said he expects tangible results from the bilateral partnership, highlighting South Korea's growth strategy in semiconductors, artificial intelligence, and the "7 SEED" initiative targeting small modular reactors, nuclear fusion, and renewables, according to a press release from the South Korean president's office on Wednesday.

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