SINGAPORE: Singapore Exchange Ltd (SGX) is toughening its listing rules in the wake of a series of accounting scandals at small Chinese firms, hoping stronger corporate governance will attract more large companies to the city-state.
Recent scandals at companies such as KXD Digital Entertainment have dealt a blow to the reputation of SGX-listed companies, coming as stock sales including intial public offerings (IPOs) have tumbled due to turmoil in global markets.
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