Creative delisting from NASDAQ, cites 'burdensome' regulations

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james.engadget @ Jun 14th 2007 12:10PM

Ok, long shot, but perhaps it's a foreshadowing of NASDAQ or NYSE Euronext buying the Singapore Exchange. Are there are other Singaporian(?) companies trading on US exchanges, and have any of them recently delisted?

Neutral

Xander @ Jun 14th 2007 1:17PM

Nah, really the only reason would be Sarbanes-Oxley. Volvo (the car maker and certainly not from Singapore) also decided today to delist from NYSE.

Lots of NYSE/NASDAQ listed companies would want to, but are deterred by the PR backlash and administrative burden of delisting. But no company in it right mind starts a listing at NYSE/NASDAW nowadays.

Actually, the Dutch government made only one but very hard demand on approving a NYSE / Euronext merger: that the merger would not bring SOX to Euronext.

About the only good thing of SOX is that it gives me a fulltime wellpayed job ;-)

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