Coronavirus: SGX allows more listed companies to delay AGMs by up to 2 months

SINGAPORE - The Singapore Exchange has allowed more listed companies to delay their full-year results for up to two months due to the coronavirus outbreak, the exchange said on Thursday .

But with Thursday's announcement, the extension now applies to companies regardless of where their place of business or operations is, particularly firms that need more time to implement measures to address coronavirus concerns. But he added that SIAS has been advising companies wishing to hold physical meetings to use digital platforms to engage their shareholders until the coronavirus situation is no longer a threat.

SGX said the extension would give companies more time to consider the best way to conduct their AGMs, and listed virtual channels that companies could adopt, such as webcasts or allowing shareholders to vote via proxies without physically attending the AGM.SGX said Acra has agreed to allow applications that fulfil the exchange's criteria and waive fees for the applications.

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