MSWG Weekly Newsletter 01 April 2022 (English)
In its recently published annual report, SC said its assessment found that RPTs pose significant effect on share price on the day after the RPT announcements were made. It also found that there were above-average price movements on the day leading up to the RPT announcements. This suggested that there could be leakages of price-sensitive information before RPT announcements were made publicly.
On the other hand, SC’s assessment on several large RPTs also suggested that RPTs involving PLCs within family groups and those with long-serving IDs may require closer monitoring to ensure that the transactions are not detrimental to minority shareholders.