PETALING JAYA: The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).

Analysts agree that minority shareholders, among others, would secure a better deal in the form of higher premium payments from bidders when taking a listed firm private if the delisting rules were to be amended in line with the city-state.

Some recent notable privatisation deals in the country include the 51% acquisition and subsequent mandatory general offer by YTL Cement Bhd of Lafarge Malaysia Bhd , the ongoing move by the Hong Leong Group to buy out minority shareholders in Tasek Corp Bhd and the failed privatisation of Yee Lee Corp Bhd .

The regulatory arm of the Singapore Exchange on July 11 announced changes to two aspects of the voluntary delisting rules for listed firms, with immediate effect.

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